8506 Friendship LnIndianapolisIN46217
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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 8506 Friendship Ln, Indianapolis, IN, 46217 earns $280/mo cash flow from $2,020/mo rent with a $1,419/mo payment. Total monthly income totals $2,020/mo, and annual cash flow totals $3,356/yr on $96,102 capital. ROI tracks 23.4% on current figures, and rental yield reads 8.36% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 121.34% and total cumulative return in cash sums $116,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,020/mo property income instead of your personal income.
Single Family
Built in 1991
10,018 sqft 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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Listed by: Patrick McNeill • Ask Pat About Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071145