7609 Farm View Cir EIndianapolisIN46256
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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 7609 Farm View Cir E, Indianapolis, IN, 46256 uses $75,549 cash to close to unlock $2,753/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $1,115/mo payment keeps the spread at $229/mo. Purchase price stands at $227,900, and rental yield measures 8.41% with $1,597/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $62,965 over five years. Five-year ROI reaches 122.19% and total cumulative return in cash records $92,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $1,115/mo payment rather than investor’s personal income.
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: Kaleb Arsenault • Arsenault Group Realty, Inc.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075184