7747 Harbour Isle #8IndianapolisIN46240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7747 Harbour Isle #8, Indianapolis, IN, 46240 offers a 11.69% rental yield on a $179,900 purchase with $1,753/mo rent. Total monthly income registers $1,753/mo, and a $881/mo payment leaves $673/mo available for distribution. Annual cash flow reaches $8,071/yr on $59,637 to close, and return on cash invested stands at 33.44% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 175.22% and total cumulative return in cash at $104,493. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,753/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Isaiah Ullery • Steve Lew Real Estate Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065762