9593 Bay Vista West Dr, Indianapolis, IN, 46250 | $317/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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9593 Bay Vista West Dr, Indianapolis, IN, 46250 | $317/mo Cash Flow | Ziffy

For Sale

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 9593 Bay Vista West Dr, Indianapolis, IN, 46250 uses $65,471 cash to close to unlock $3,805/yr annual cash flow and $317/mo monthly cash flow. Total monthly income runs $1,503/mo, and a $967/mo payment keeps the spread at $317/mo. Purchase price stands at $197,500, and rental yield measures 9.13% with $1,503/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 133.84% and total cumulative return in cash records $87,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,503/mo property income covering a $967/mo payment rather than investor’s personal income.

Condo

Built in 1983

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in a residential area of Indianapolis, Indiana, discover the condominium at 9593 Bay Vista West DR, in great condition and awaiting your personal touch. This attractive property offers a blend of comfort and style across two stories. The living room stands as an inviting space, defined by its high ceiling and vaulted ceiling, creating an airy and expansive atmosphere, with a natural stone floor to ceiling fireplace that promises cozy evenings and a warm ambiance. The floor to ceiling windows offer natural light making a perfect reading nook. You'll also enjoy the hardwood floors throughout the unit. The kitchen features shaker cabinets and stone countertops, providing a stylish and functional space for culinary adventures, with a kitchen peninsula offering a casual dining spot or extra prep area. The bathroom is equipped with a tiled walk in shower, providing a spa-like experience. There is a nice sized loft, open to the living room that would make a great home office space. This condominium offers 1252 square feet of living area on a 4392 square feet lot, complete with two bedrooms, one full bathroom, and one half bathroom. The primary bedroom offers double closets. Enjoy outdoor relaxation on the patio, an extension of your living space into the residential area. This property represents a wonderful opportunity to embrace a comfortable and convenient lifestyle. This condo will have all new siding and a brand new roof prior to closing! Hvac was replaced in 2021. Water heater is brand new. Bayside Woods offers a community pool, tennis court and clubhouse for entertaining family and friends. A must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46250, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,669 (100%)
Owner Occupied HU	4,223 (39.6%)
Renter Occupied HU	5,500 (51.6%)
Vacant Housing Units	946 ( 8.9%)
Median Home Value	$314,172
Average Home Value	$358,341