826 N Park AveIndianapolisIN46202
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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 826 N Park Ave, Indianapolis, IN, 46202 priced at $1,198,000 pairs $2,327/mo rent with after a $5,864/mo payment. Total monthly income equals $2,327/mo. Return on cash invested is 5.33% in year one, and rental yield stands at 2.33% on a $1,198,000 basis. Equity gained on principal adds $7,731/yr, and 5% annual appreciation accumulates to $330,985 by year five. Five-year ROI measures 24.32% and total cumulative return in cash reaches $94,399. For financing, Ziffy Mortgage’s DSCR program evaluates $2,327/mo property income against a $5,864/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
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
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Listed by: Terry Brown • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061163