8047 Van Ness WayIndianapolisIN46240
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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
Rental property for sale in Indianapolis at 8047 Van Ness Way, Indianapolis, IN, 46240 priced at $343,900 converts $3,086/mo rent into $384/mo cash flow after a $1,683/mo obligation. Total monthly income equals $3,086/mo, and annual cash flow totals $4,605/yr on $114,003 invested. Return on cash invested prints 23.95% in year one, and rental yield reads 10.77% against a $343,900 entry. Equity gained on principal adds $2,219/yr, while 5% annual appreciation compiles into $95,013 by year five. Five-year ROI reaches 126.7% and total cumulative return in cash sums $144,439. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,086/mo property income covering a $1,683/mo payment, not borrower’s personal income.
Condo
Built in 1981
1,934 sqft lot
$N/A/sqft
$330 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
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