8147 Shores Edge PlIndianapolisIN46237
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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 8147 Shores Edge Pl, Indianapolis, IN, 46237 offers $1,950/mo rent that, after a $951/mo payment, leaves $614/mo cash flow. Total monthly income is $1,950/mo, and annual cash flow is $7,362/yr on $64,444 cash. Return on cash invested measures 31.33% in year one, and rental yield stands at 12.04% at a $194,400 entry. Equity gained on principal adds $1,254/yr while 5% annual appreciation compounds into $53,709 by year five. Five-year ROI records 165.04% and total cumulative return in cash reaches $106,358. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,950/mo property income versus a $951/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
1,307 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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