8422 Kankakee CtIndianapolisIN46217
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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 8422 Kankakee Ct, Indianapolis, IN, 46217 generates $2,320/mo in rent and, after a $1,589/mo payment, leaves $371/mo in cash flow. Total monthly income is $2,320/mo, and annual cash flow is $4,454/yr on $107,638 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 8.57% on a $324,700 entry. Equity gained on principal adds $2,095/yr, while 5% annual appreciation builds toward $89,709 over five years. Five-year ROI reaches 124.81% and total cumulative return in cash sums $134,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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