9124 Hawkins RdIndianapolisIN46216
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder9124 Hawkins Rd, Indianapolis, IN, 46216 in Indianapolis is a solid income-producing rental, 7.82% gross yield, $2,640/mo rent, $209/mo net cash flow on a $404,900 buy. DSCR 1.45 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $111,866 and $3,729/yr in principal reduction project a total cumulative return of $166,691.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.8% |
| Monthly Cash Flow | $209 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $2,269 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2016
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46216, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,670 (100%) |
| Owner Occupied HU | 413 (24.7%) |
| Renter Occupied HU | 1,122 (67.2%) |
| Vacant Housing Units | 135 ( 8.1%) |
| Median Home Value | $305,963 |
| Average Home Value | $341,374 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
976
Multi-Family
508
Businesses
230
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
Single Family
Built in 2016
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46216, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,670 (100%) |
| Owner Occupied HU | 413 (24.7%) |
| Renter Occupied HU | 1,122 (67.2%) |
| Vacant Housing Units | 135 ( 8.1%) |
| Median Home Value | $305,963 |
| Average Home Value | $341,374 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
976
Multi-Family
508
Businesses
230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22087286