7820 Cannonade DrIndianapolisIN46217
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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 7820 Cannonade Dr, Indianapolis, IN, 46217 uses $79,560 cash to close to unlock $2,160/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,621/mo, and a $1,175/mo payment keeps the spread at $180/mo. Purchase price stands at $240,000, and rental yield measures 8.11% with $1,621/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 117.14% and total cumulative return in cash records $93,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,621/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Listed by: Angela Esser • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077832