9238 Hemingway Dr, Indianapolis, IN, 46239 | $526/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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9238 Hemingway Dr, Indianapolis, IN, 46239 | $526/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 9238 Hemingway Dr, Indianapolis, IN, 46239 offers a 9.05% rental yield on a $341,900 purchase with $2,578/mo rent. Total monthly income registers $2,578/mo, and a $1,673/mo payment leaves $526/mo available for distribution. Annual cash flow reaches $6,313/yr on $113,340 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $2,206/yr while 5% annual appreciation supports $94,461 over five years. Portfolio math shows five-year ROI at 132.5% and total cumulative return in cash at $150,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,578/mo property income against a $1,673/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of space and style in the two-story Stamford floor plan, nestled within the Fields at New Bethel community in the esteemed Franklin Township School District. This 4-bedroom, 2.5-bathroom home spans 2,346 square feet, offering an inviting and versatile living environment. The open-concept main level seamlessly integrates the kitchen and living area, ideal for both everyday activities and entertaining guests. The kitchen, thoughtfully positioned at the rear of the home, boasts a center island with seating, abundant white cabinetry, stainless steel appliances, and a walk-in pantry to make meal preparation a breeze. A convenient powder room is situated off the great room, and a flex room near the entrance offers space for work or leisure. Ascend to the second floor to find a spacious loft, four well-appointed bedrooms, two bathrooms, and a dedicated laundry area. The primary suite features a walk-in closet and an ensuite bathroom with a double vanity, linen storage, and a large shower. Whether you envision bedrooms, office spaces, or bonus rooms, this home provides ample versatility. Additionally, the Stamford comes equipped with America's Smart Home Technology, including a smart video doorbell, Honeywell thermostat, smart door lock, Deako light package, and more, ensuring modern convenience and security. Photos are representative of plan and may vary as built.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,280 (100%)
Owner Occupied HU	10,598 (79.8%)
Renter Occupied HU	2,211 (16.6%)
Vacant Housing Units	471 ( 3.5%)
Median Home Value	$295,205
Average Home Value	$317,631