7324 Cranston DrIndianapolisIN46214
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 7324 Cranston Dr, Indianapolis, IN, 46214 earns $343/mo cash flow from $1,543/mo rent with a $978/mo payment. Total monthly income totals $1,543/mo, and annual cash flow totals $4,121/yr on $66,267 capital. ROI tracks 26.13% on current figures, and rental yield reads 9.26% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 136% and total cumulative return in cash sums $90,121. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,543/mo property income instead of your personal income.
Single Family
Built in 1966
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46214, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 4,820 (40.2%) |
| Renter Occupied HU | 6,464 (53.9%) |
| Vacant Housing Units | 701 ( 5.8%) |
| Median Home Value | $214,272 |
| Average Home Value | $249,365 |
Housing Distribution
Address Breakdown
Residential
11,679
Single Family
7,775
Multi-Family
3,904
Businesses
416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Turner • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078269