8176 Shorewalk Dr APT C, Indianapolis, IN, 46236 | $532/mo Cash Flow

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Home Type: Single Family

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8176 Shorewalk Dr APT C, Indianapolis, IN, 46236 | $532/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Indianapolis at 8176 Shorewalk Dr APT C, Indianapolis, IN, 46236 generates $1,523/mo in rent and, after a $808/mo payment, leaves $532/mo in cash flow. Total monthly income is $1,523/mo, and annual cash flow is $6,385/yr on $54,698 invested. Return on cash invested sits at 31.58% in year one, and rental yield is 11.08% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 165.29% and total cumulative return in cash sums $90,407. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,523/mo property income rather than buyer’s personal income.

Condo

Built in 1990

435.60 sqft lot

$N/A/sqft

No HOA

More details about the property

If you are looking for the minimalist lifestyle in Geist, this condo is for you. Located one level up grants an amazing tree top view and of Geist lake! All new appliances, lighting, FLVP flooring, carpet, updated bathroom and a wide open floor plan means you truly can move right in and unpack the boxes! This community has been beloved by many over the years featuring a community pool where friendships form and the neighbors are social! Located on the south side of Geist it offers easy access to downtown Indianapolis, shopping at locally owned boutiques and eating at many locally owned restaurants. Easy to show and easy to own. Come see it today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46236, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,680 (100%)
Owner Occupied HU	9,177 (85.9%)
Renter Occupied HU	1,122 (10.5%)
Vacant Housing Units	381 ( 3.6%)
Median Home Value	$302,184
Average Home Value	$341,808