8542 La Corrida Ct #46AIndianapolisIN46227
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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 8542 La Corrida Ct #46A, Indianapolis, IN, 46227 generates $1,668/mo in rent and, after a $587/mo payment, leaves $948/mo in cash flow. Total monthly income is $1,668/mo, and annual cash flow is $11,377/yr on $39,747 invested. Return on cash invested sits at 48.53% in year one, and rental yield is 16.69% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 256.2% and total cumulative return in cash sums $101,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,668/mo property income rather than buyer’s personal income.
Condo
Built in 1980
827.64 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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Listed by: Wenjuan Curtis • Curtis Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063987