7650 Castleton Farms West 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 7650 Castleton Farms West Dr, Indianapolis, IN, 46256 earns $220/mo cash flow from $1,510/mo rent with a $1,052/mo payment. Total monthly income totals $1,510/mo, and annual cash flow totals $2,638/yr on $71,239 capital. ROI tracks 23.61% on current figures, and rental yield reads 8.43% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 122.47% and total cumulative return in cash sums $87,246. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,510/mo property income instead of your 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: Jason Miles • The Extra Mile Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066206