7530 Franklin Parke WoodsIndianapolisIN46259
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 7530 Franklin Parke Woods, Indianapolis, IN, 46259 generates $2,873/mo in rent, after a $2,692/mo payment. Total monthly income is $2,873/mo. Return on cash invested sits at 17.22% in year one, and rental yield is 6.27% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 88.15% and total cumulative return in cash sums $159,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,873/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46259, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,259 (100%) |
| Owner Occupied HU | 4,788 (91.0%) |
| Renter Occupied HU | 342 ( 6.5%) |
| Vacant Housing Units | 129 ( 2.5%) |
| Median Home Value | $361,879 |
| Average Home Value | $399,564 |
Housing Distribution
Address Breakdown
Residential
5,196
Single Family
5,196
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Houterloot • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056798