8807 Center StIndianapolisIN46234
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
Investment property for sale in Indianapolis at 8807 Center St, Indianapolis, IN, 46234 offers a 8.66% rental yield on a $226,900 purchase with $1,637/mo rent. Total monthly income registers $1,637/mo, and a $1,111/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,294/yr on $75,217 to close, and return on cash invested stands at 24.29% in year one. Equity gained on principal adds $1,464/yr while 5% annual appreciation supports $62,688 over five years. Portfolio math shows five-year ROI at 126.11% and total cumulative return in cash at $94,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,637/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46234, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,019 (100%) |
| Owner Occupied HU | 8,100 (73.5%) |
| Renter Occupied HU | 2,451 (22.2%) |
| Vacant Housing Units | 468 ( 4.2%) |
| Median Home Value | $251,325 |
| Average Home Value | $279,530 |
Housing Distribution
Address Breakdown
Residential
11,139
Single Family
10,377
Multi-Family
762
Businesses
320
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Listed by: Shannon Adair • Canon Real Estate Services LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076991