8024 Sunfield Ct UNIT 5-BIndianapolisIN46214
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 8024 Sunfield Ct UNIT 5-B, Indianapolis, IN, 46214 uses $65,604 cash to close to unlock $12,860/yr annual cash flow and $1,072/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $969/mo payment keeps the spread at $1,072/mo. Purchase price stands at $197,900, and rental yield measures 13.7% with $2,260/mo rent. Return on cash invested shows 39.51% in year one, and 5% annual appreciation builds toward $54,676 over five years. Five-year ROI reaches 207.73% and total cumulative return in cash records $136,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 1980
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruby D Simpson • Simpson Real Estate & Property Management, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22039020