8557 La Corrida CtIndianapolisIN46227
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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 8557 La Corrida Ct, Indianapolis, IN, 46227 listed at $125,000 pairs $966/mo rent with a $612/mo payment to leave $215/mo cash flow. Total monthly income runs $966/mo, and annual cash flow reaches $2,586/yr on $41,438 cash to close. Return on cash invested measures 26.15% in year one, and rental yield registers 9.27% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 136.15% and total cumulative return in cash totals $56,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $966/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
871 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: Felicia Seals • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075863