918 Ardsley DrIndianapolisIN46234
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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 918 Ardsley Dr, Indianapolis, IN, 46234 generates $1,470/mo in rent and, after a $905/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,470/mo, and annual cash flow is $4,321/yr on $61,294 invested. Return on cash invested sits at 26.96% in year one, and rental yield is 9.54% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 140.48% and total cumulative return in cash sums $86,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,470/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A 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: Paula Henry • NextHome Connection
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062386