929 Olin AveIndianapolisIN46222
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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
Investment property for sale in Indianapolis at 929 Olin Ave, Indianapolis, IN, 46222 uses $43,095 cash to close to unlock $5,411/yr annual cash flow and $451/mo monthly cash flow. Total monthly income runs $1,231/mo, and a $636/mo payment keeps the spread at $451/mo. Purchase price stands at $130,000, and rental yield measures 11.36% with $1,231/mo rent. Return on cash invested shows 32.46% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 169.95% and total cumulative return in cash records $73,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,231/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1953
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Dana Rivers • Resolute Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #21987832