7854 Harbour IsleIndianapolisIN46240
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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 7854 Harbour Isle, Indianapolis, IN, 46240 offers $2,237/mo rent that, after a $1,236/mo payment, leaves $721/mo cash flow. Total monthly income is $2,237/mo, and annual cash flow is $8,654/yr on $83,704 cash. Return on cash invested measures 30.25% in year one, and rental yield stands at 10.63% at a $252,500 entry. Equity gained on principal adds $1,629/yr while 5% annual appreciation compounds into $69,761 by year five. Five-year ROI records 158.08% and total cumulative return in cash reaches $132,315. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,237/mo property income versus a $1,236/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
6,969 sqft 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
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Listed by: Joi Clarke • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054322