887 S Auburn StIndianapolisIN46241
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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 887 S Auburn St, Indianapolis, IN, 46241 priced at $138,000 converts $1,096/mo rent into $268/mo cash flow after a $675/mo obligation. Total monthly income equals $1,096/mo, and annual cash flow totals $3,217/yr on $45,747 invested. Return on cash invested prints 26.94% in year one, and rental yield reads 9.53% against a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation compiles into $38,127 by year five. Five-year ROI reaches 140.4% and total cumulative return in cash sums $64,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,096/mo property income covering a $675/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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Listed by: Janis Smith • Platinum Real Estate Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081069