7334 Castleton Farms North Dr, Indianapolis, IN, 46256 | $178/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

7334 Castleton Farms North Dr, Indianapolis, IN, 46256 | $178/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
983 sft

4753 Charrington Cir, Indianapolis, IN, 46254

2 Bed
2 Bath
1205 sft

4708 Dorkin Ct, Indianapolis, IN, 46254

2 Bed
2 Bath
2066 sft

1145 W 32nd St, Indianapolis, IN, 46208

2 Bed
2 Bath
1216 sft

7492 Country Brook Dr, Indianapolis, IN, 46260

Nearby investment properties with comparable prices

2 Bed
2 Bath
1330 sft

7601 Newport Bay Dr UNIT 103, Indianapolis, IN, 46240

3 Bed
3 Bath
2124 sft

7580 Castleton Farms West Dr, Indianapolis, IN, 46256

3 Bed
2 Bath
1477 sft

4955 Peony Pl, Indianapolis, IN, 46254

3 Bed
2 Bath
1200 sft

6484 Townsend Way, Indianapolis, IN, 46268

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Indianapolis at 7334 Castleton Farms North Dr, Indianapolis, IN, 46256 offers a 8.09% rental yield on a $239,900 purchase with $1,618/mo rent. Total monthly income registers $1,618/mo, and a $1,174/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,137/yr on $79,527 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 117.07% and total cumulative return in cash at $93,103. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,618/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

This is a wonderful life opportunity in the highly desirable Castleton Farms community! The most popular ranch floorplan in the neighborhood, this home boasts two large bedrooms and two full baths along with a cathedral ceiling great room, all on one level! It also has a sunroom and an oversized two-car garage! Natural light abounds with two skylights! Guest parking is found right in front of the home, along with expansive green space views to the north and west from the sunroom! Peace and relaxation are the key words to describe this home and its setting in this wonderful neighborhood of lakes, mature trees, and a community pool! Custom ceiling fans are found in the great room, dining room, both bedrooms, and the sunroom! White kitchen cabinets are featured in the kitchen along with stainless-steel appliances! Enjoy the sunroom year-round or move to the private wood deck to catch some sun! Last but not least, you will find an impressive gas fireplace in the great room for cozy winter nights! This home is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46256, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,441 (100%)
Owner Occupied HU	7,189 (68.9%)
Renter Occupied HU	2,590 (24.8%)
Vacant Housing Units	662 ( 6.3%)
Median Home Value	$311,311
Average Home Value	$355,792