816 E 21st StIndianapolisIN46202
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 816 E 21st St, Indianapolis, IN, 46202 offers a 8.11% rental yield on a $447,400 purchase with $3,024/mo rent. Total monthly income registers $3,024/mo, and a $2,190/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,058/yr on $148,313 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $2,887/yr while 5% annual appreciation supports $123,608 over five years. Portfolio math shows five-year ROI at 117.29% and total cumulative return in cash at $173,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,024/mo property income against a $2,190/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy Wasmuth • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072080