851 Indigo Way #851AIndianapolisIN46260
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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 851 Indigo Way #851A, Indianapolis, IN, 46260 offers a 9.58% rental yield on a $178,700 purchase with $1,427/mo rent. Total monthly income registers $1,427/mo, and a $875/mo payment leaves $354/mo available for distribution. Annual cash flow reaches $4,247/yr on $59,239 to close, and return on cash invested stands at 27.08% in year one. Equity gained on principal adds $1,153/yr while 5% annual appreciation supports $49,372 over five years. Portfolio math shows five-year ROI at 141.06% and total cumulative return in cash at $83,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,427/mo property income against a $875/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46260, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,842 (100%) |
| Owner Occupied HU | 7,029 (44.4%) |
| Renter Occupied HU | 7,577 (47.8%) |
| Vacant Housing Units | 1,236 ( 7.8%) |
| Median Home Value | $322,134 |
| Average Home Value | $385,713 |
Housing Distribution
Address Breakdown
Residential
15,242
Single Family
11,322
Multi-Family
3,920
Businesses
683
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Listed by: Cynthia Yosha-Snyder • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078598