7340 Steinmeier DrIndianapolisIN46250
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
Rental property for sale in Indianapolis at 7340 Steinmeier Dr, Indianapolis, IN, 46250 generates $3,671/mo in rent and, after a $2,653/mo payment, leaves $30/mo in cash flow. Total monthly income is $3,671/mo, and annual cash flow is $360/yr on $178,351 invested. Return on cash invested sits at 20.26% in year one, and rental yield is 8.13% on a $542,100 entry. Equity gained on principal adds $3,498/yr, while 5% annual appreciation builds toward $149,772 over five years. Five-year ROI reaches 105.42% and total cumulative return in cash sums $188,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,671/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46250, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 4,223 (39.6%) |
| Renter Occupied HU | 5,500 (51.6%) |
| Vacant Housing Units | 946 ( 8.9%) |
| Median Home Value | $314,172 |
| Average Home Value | $358,341 |
Housing Distribution
Address Breakdown
Residential
9,925
Single Family
5,554
Multi-Family
4,371
Businesses
1,755
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A