8314 Glenwillow Ln Unit 103IndianapolisIN46278
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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
Investment property for sale in Indianapolis at 8314 Glenwillow Ln Unit 103, Indianapolis, IN, 46278 uses $63,814 cash to close to unlock $3,596/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,455/mo, and a $942/mo payment keeps the spread at $300/mo. Purchase price stands at $192,500, and rental yield measures 9.07% with $1,455/mo rent. Return on cash invested shows 25.54% in year one, and 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 132.84% and total cumulative return in cash records $84,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,455/mo property income covering a $942/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46278, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,422 (100%) |
| Owner Occupied HU | 3,111 (90.9%) |
| Renter Occupied HU | 218 ( 6.4%) |
| Vacant Housing Units | 93 ( 2.7%) |
| Median Home Value | $425,349 |
| Average Home Value | $455,718 |
Housing Distribution
Address Breakdown
Residential
3,383
Single Family
3,208
Multi-Family
175
Businesses
590
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Listed by: Steven Kass • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081324