731 Southfield CtIndianapolisIN46227
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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
Rental property for sale in Indianapolis at 731 Southfield Ct, Indianapolis, IN, 46227 priced at $115,000 pairs $1,475/mo rent with $785/mo cash flow after a $563/mo payment. Total monthly income equals $1,475/mo, and annual cash flow comes to $9,414/yr on $38,123 invested. Return on cash invested is 44.6% in year one, and rental yield stands at 15.39% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 235.1% and total cumulative return in cash reaches $89,625. For financing, Ziffy Mortgage’s DSCR program evaluates $1,475/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1965
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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Listed by: Lora Reynolds • Epique Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076413