931 Mellowood DrIndianapolisIN46217
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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 931 Mellowood Dr, Indianapolis, IN, 46217 earns $244/mo cash flow from $2,345/mo rent with a $1,713/mo payment. Total monthly income totals $2,345/mo, and annual cash flow totals $2,929/yr on $116,022 capital. ROI tracks 22.43% on current figures, and rental yield reads 8.04% at a $349,990 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,696 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash sums $134,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,345/mo property income instead of your personal income.
Single Family
Built in 1971
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Listed by: Garrett Brooks • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052318