802 N Meridian St UNIT 205IndianapolisIN46204
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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 802 N Meridian St UNIT 205, Indianapolis, IN, 46204 earns from $1,774/mo rent with a $1,713/mo payment. Total monthly income totals $1,774/mo. ROI tracks 16.53% on current figures, and rental yield reads 6.08% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 84.5% and total cumulative return in cash sums $98,042. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,774/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
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Listed by: Denis O'Brien • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069139