7524 Choate CtIndianapolisIN46254
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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 7524 Choate Ct, Indianapolis, IN, 46254 uses $82,544 cash to close to unlock $1,440/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,615/mo, and a $1,219/mo payment keeps the spread at $120/mo. Purchase price stands at $249,000, and rental yield measures 7.78% with $1,615/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 112.02% and total cumulative return in cash records $92,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,615/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1983
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46254, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,800 (100%) |
| Owner Occupied HU | 7,314 (41.1%) |
| Renter Occupied HU | 9,421 (52.9%) |
| Vacant Housing Units | 1,065 ( 6.0%) |
| Median Home Value | $222,429 |
| Average Home Value | $262,409 |
Housing Distribution
Address Breakdown
Residential
17,159
Single Family
12,864
Multi-Family
4,295
Businesses
847
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Listed by: Tyre Shelton • Hoosier, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080581