7639 Hoyt AveIndianapolisIN46239
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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 7639 Hoyt Ave, Indianapolis, IN, 46239 offers a 9.05% rental yield on a $199,900 purchase with $1,508/mo rent. Total monthly income registers $1,508/mo, and a $978/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,701/yr on $66,267 to close, and return on cash invested stands at 25.49% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 132.57% and total cumulative return in cash at $87,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,508/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
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Listed by: Dennis Nottingham • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075206