762 E 42nd StIndianapolisIN46205
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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 762 E 42nd St, Indianapolis, IN, 46205 generates $1,308/mo in rent and, after a $832/mo payment, leaves $288/mo in cash flow. Total monthly income is $1,308/mo, and annual cash flow is $3,451/yr on $56,355 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.23% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 135.46% and total cumulative return in cash sums $76,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,308/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46205, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,386 (100%) |
| Owner Occupied HU | 6,340 (41.2%) |
| Renter Occupied HU | 7,347 (47.8%) |
| Vacant Housing Units | 1,699 (11.0%) |
| Median Home Value | $327,153 |
| Average Home Value | $356,950 |
Housing Distribution
Address Breakdown
Residential
13,374
Single Family
11,221
Multi-Family
2,153
Businesses
758
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Listed by: Catherine Rubenstein • Mark Dietel Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073857