8023 Railroad RdIndianapolisIN46217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8023 Railroad Rd, Indianapolis, IN, 46217 uses $140,888 cash to close to unlock $12,144/yr annual cash flow and $1,012/mo monthly cash flow. Total monthly income runs $3,563/mo, and a $2,080/mo payment keeps the spread at $1,012/mo. Purchase price stands at $425,000, and rental yield measures 10.06% with $3,563/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 148.81% and total cumulative return in cash records $209,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,563/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.59 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd Campbell • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071204