8283 Sobax DrIndianapolisIN46268
INVESTMENT ANALYSIS
Investment Verdict
Solid Income8283 Sobax Dr, Indianapolis, IN, 46268 in Indianapolis is a solid income-producing rental, 9.61% gross yield, $1,241/mo rent, $311/mo net cash flow on a $155,000 buy. DSCR 1.78 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $42,824 and $1,428/yr in principal reduction project a total cumulative return of $78,666.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $311 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,241 |
| Total Monthly Debt Service | $869 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,785 (100%) |
| Owner Occupied HU | 5,780 (45.2%) |
| Renter Occupied HU | 6,292 (49.2%) |
| Vacant Housing Units | 713 ( 5.6%) |
| Median Home Value | $245,536 |
| Average Home Value | $279,210 |
Housing Distribution
Address Breakdown
Residential
12,154
Single Family
8,633
Multi-Family
3,521
Businesses
1,956
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
Condo
Built in 1972
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,785 (100%) |
| Owner Occupied HU | 5,780 (45.2%) |
| Renter Occupied HU | 6,292 (49.2%) |
| Vacant Housing Units | 713 ( 5.6%) |
| Median Home Value | $245,536 |
| Average Home Value | $279,210 |
Housing Distribution
Address Breakdown
Residential
12,154
Single Family
8,633
Multi-Family
3,521
Businesses
1,956
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jayson Angst • Trueblood Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22051824