7541 Chatterton DrIndianapolisIN46254
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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
Rental property for sale in Indianapolis at 7541 Chatterton Dr, Indianapolis, IN, 46254 generates $1,615/mo in rent and, after a $1,131/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,615/mo, and annual cash flow is $2,736/yr on $76,577 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 8.39% on a $231,000 entry. Equity gained on principal adds $1,491/yr, while 5% annual appreciation builds toward $63,821 over five years. Five-year ROI reaches 121.76% and total cumulative return in cash sums $93,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,615/mo property income rather than buyer’s personal income.
Condo
Built in 1984
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: Carla Salvatore • Redfin Corporation
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065538