8602 Bishops 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 8602 Bishops Ln, Indianapolis, IN, 46217 uses $95,804 cash to close to unlock $4,364/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $2,099/mo, and a $1,415/mo payment keeps the spread at $364/mo. Purchase price stands at $289,000, and rental yield measures 8.72% with $2,099/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 127.04% and total cumulative return in cash records $121,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,099/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.34 Acres 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: Thawng Mang • Streamlined Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081010