7533 Castleton Farms North DrIndianapolisIN46256
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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 7533 Castleton Farms North Dr, Indianapolis, IN, 46256 listed at $226,000 pairs $1,618/mo rent with a $1,106/mo payment to leave $262/mo cash flow. Total monthly income runs $1,618/mo, and annual cash flow reaches $3,138/yr on $74,919 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 8.59% at a $226,000 basis. Equity gained on principal adds $1,458/yr, and annual property appreciation at 5% supports $62,440 by year five. Five-year ROI tracks 125.09% and total cumulative return in cash totals $93,719. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,618/mo property income relative to a $1,106/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
No 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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Listed by: Scott Chain • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078211