8006 Windham Lake Way #35IndianapolisIN46214
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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 8006 Windham Lake Way #35, Indianapolis, IN, 46214 offers a 8.41% rental yield on a $215,000 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $1,052/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,601/yr on $71,273 to close, and return on cash invested stands at 23.56% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 122.17% and total cumulative return in cash at $87,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46214, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 4,820 (40.2%) |
| Renter Occupied HU | 6,464 (53.9%) |
| Vacant Housing Units | 701 ( 5.8%) |
| Median Home Value | $214,272 |
| Average Home Value | $249,365 |
Housing Distribution
Address Breakdown
Residential
11,679
Single Family
7,775
Multi-Family
3,904
Businesses
416
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Listed by: Scott Chain • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077275