8235 E Barry Rd, Indianapolis, IN, 46219 | $289/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8235 E Barry Rd, Indianapolis, IN, 46219 | $289/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 8235 E Barry Rd, Indianapolis, IN, 46219 generates $1,160/mo in rent and, after a $710/mo payment, leaves $289/mo in cash flow. Total monthly income is $1,160/mo, and annual cash flow is $3,471/yr on $48,068 invested. Return on cash invested sits at 27.13% in year one, and rental yield is 9.6% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 141.42% and total cumulative return in cash sums $67,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the potential in this classic mid-century ranch, perfectly suited for savvy investors seeking their next "Fix and Flip" or "Fix and Rent" opportunity, or an owner occupant on a 203K or other renovation loan. This solidly built home offers great bones and a wealth of possibilities for those ready to bring their vision to life. Featuring timeless mid-century architecture, the property includes a spacious large bonus room - ideal for use as a fourth bedroom, home office, or creative flex space. Outside, you'll find a large, fenced backyard offering endless options for landscaping, outdoor entertaining, or future expansion. The detached oversized two-car garage provides ample room for parking, storage, or even a workshop setup, adding value and functionality. While the home requires extensive cosmetic updates throughout, its strong structure, desirable single-level floor plan, and prime lot make it a great opportunity to transform into a valuable property. With the right improvements, this gem could become a beautiful home or a long-term income-producing rental. If you're an investor looking for your next project in a solid neighborhood with great upside potential, this home is ready for your imagination, and expertise. Home being sold as-is. Sellers will not perform repairs. Inspections are for your information only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,635 (100%)
Owner Occupied HU	8,859 (53.3%)
Renter Occupied HU	6,462 (38.8%)
Vacant Housing Units	1,314 ( 7.9%)
Median Home Value	$207,615
Average Home Value	$227,043