802 N Meridian St UNIT 207IndianapolisIN46204
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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 207, Indianapolis, IN, 46204 listed at $237,900 pairs $1,774/mo rent with a $1,164/mo payment to leave $346/mo cash flow. Total monthly income runs $1,774/mo, and annual cash flow reaches $4,156/yr on $78,864 cash to close. Return on cash invested measures 25.18% in year one, and rental yield registers 8.95% at a $237,900 basis. Equity gained on principal adds $1,535/yr, and annual property appreciation at 5% supports $65,727 by year five. Five-year ROI tracks 130.89% and total cumulative return in cash totals $103,227. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,774/mo property income relative to a $1,164/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
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: Kristi Feasel • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066604