855 S Sheffield AveIndianapolisIN46221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 855 S Sheffield Ave, Indianapolis, IN, 46221 offers $1,531/mo rent that, after a $945/mo payment, leaves $372/mo cash flow. Total monthly income is $1,531/mo, and annual cash flow is $4,465/yr on $63,980 cash. Return on cash invested measures 26.89% in year one, and rental yield stands at 9.52% at a $193,000 entry. Equity gained on principal adds $1,245/yr while 5% annual appreciation compounds into $53,322 by year five. Five-year ROI records 140.1% and total cumulative return in cash reaches $89,634. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,531/mo property income versus a $945/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46221, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,205 (100%) |
| Owner Occupied HU | 6,485 (57.9%) |
| Renter Occupied HU | 3,906 (34.9%) |
| Vacant Housing Units | 814 ( 7.3%) |
| Median Home Value | $209,976 |
| Average Home Value | $214,246 |
Housing Distribution
Address Breakdown
Residential
10,643
Single Family
10,523
Multi-Family
120
Businesses
359
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Green • CityPlace Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054060