8316 Seabridge WayIndianapolisIN46240
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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 8316 Seabridge Way, Indianapolis, IN, 46240 listed at $495,000 pairs $3,206/mo rent with a $2,423/mo payment to leave $234/mo cash flow. Total monthly income runs $3,206/mo, and annual cash flow reaches $2,812/yr on $164,093 cash to close. Return on cash invested measures 21.62% in year one, and rental yield registers 7.77% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 111.8% and total cumulative return in cash totals $183,454. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,206/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
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Listed by: Elaine Bennett • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078796