8638 E Skyway DrIndianapolisIN46219
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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 8638 E Skyway Dr, Indianapolis, IN, 46219 priced at $214,100 converts $1,988/mo rent into $681/mo cash flow after a $1,048/mo obligation. Total monthly income equals $1,988/mo, and annual cash flow totals $8,169/yr on $70,974 invested. Return on cash invested prints 31.42% in year one, and rental yield reads 11.14% against a $214,100 entry. Equity gained on principal adds $1,382/yr, while 5% annual appreciation compiles into $59,152 by year five. Five-year ROI reaches 164.47% and total cumulative return in cash sums $116,731. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,988/mo property income covering a $1,048/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
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