7301 Parklake PlIndianapolisIN46217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Indianapolis at 7301 Parklake Pl, Indianapolis, IN, 46217 listed at $234,990 pairs $2,006/mo rent with a $1,150/mo payment to leave $596/mo cash flow. Total monthly income runs $2,006/mo, and annual cash flow reaches $7,147/yr on $77,899 cash to close. Return on cash invested measures 29.08% in year one, and rental yield registers 10.24% at a $234,990 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,923 by year five. Five-year ROI tracks 151.81% and total cumulative return in cash totals $118,261. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,006/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pa Lar • Wemy Realtor
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064897