7323 Waylon WayIndianapolisIN46239
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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
Investment property for sale in Indianapolis at 7323 Waylon Way, Indianapolis, IN, 46239 with 5% annual appreciation on a $365,550 basis while $2,578/mo rent supports operations. Total monthly income totals $2,578/mo and a $1,789/mo payment preserves $257/mo for cash returns. Annual cash flow comes to $3,086/yr on $121,180 deployed, and return on cash invested reaches 22.46% in year one. Equity gained on principal adds $2,359/yr, and five-year appreciation sums $100,995 alongside rental yield of 8.46%. Five-year ROI measures 116.73% and total cumulative return in cash totals $141,456.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,578/mo property income versus a $1,789/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
9,670 sqft lot
$N/A/sqft
$760 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
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Listed by: Cassie Newman • M/I Homes of Indiana, L.P.
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22038701
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-15 07:58:00 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)