8332 Codesa Way, Indianapolis, IN, 46278 | $589/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8332 Codesa Way, Indianapolis, IN, 46278 | $589/mo Cash Flow | Ziffy

For Sale

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 8332 Codesa Way, Indianapolis, IN, 46278 generates $2,210/mo in rent and, after a $1,322/mo payment, leaves $589/mo in cash flow. Total monthly income is $2,210/mo, and annual cash flow is $7,065/yr on $89,505 invested. Return on cash invested sits at 27.8% in year one, and rental yield is 9.82% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 144.92% and total cumulative return in cash sums $129,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,210/mo property income rather than buyer’s personal income.

Condo

Built in 2005

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful three-bedroom, two-and-a-half-bathroom townhome with a spacious loft and a two-car garage. offering over 2,000 sq ft of well thought-out living space. Step inside to discover a bright open floor plan with natural light streaming through large windows. Upstairs, the third level is home to the beautiful primary suite featuring raised ceilings, a walk-in closet, and attached bathroom with double sinks and a walk-in shower. A versatile loft space, another spacious bedroom, and a full bath complete this level. On the ground floor, enter through the garage to a beautifully updated third bedroom that can also serve as a home office or workout room. Adding even more value, the entire community is in the process of receiving brand-new roofs and siding, a project that has already begun and will give this home a fresh, updated exterior. Located in the sought-after Townhomes at Traders Pointe, this home is just minutes from Eagle Creek Park, I-465/I-65, shopping, dining, and a quick commute to downtown.

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