7433 Prairie Lake DrIndianapolisIN46256
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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 7433 Prairie Lake Dr, Indianapolis, IN, 46256 priced at $186,300 pairs $1,962/mo rent with $597/mo cash flow after a $912/mo payment. Total monthly income equals $1,962/mo, and annual cash flow comes to $7,164/yr on $61,758 invested. Return on cash invested is 31.51% in year one, and rental yield stands at 12.64% on a $186,300 basis. Equity gained on principal adds $1,202/yr, and 5% annual appreciation accumulates to $51,471 by year five. Five-year ROI measures 166.52% and total cumulative return in cash reaches $102,843. For financing, Ziffy Mortgage’s DSCR program evaluates $1,962/mo property income against a $912/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1981
871 sqft lot
$N/A/sqft
$220 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,126
Single Family
8,590
Multi-Family
1,536
Businesses
629
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Nearby investment properties with comparable prices
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