9784 Herons CvIndianapolisIN46280
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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 9784 Herons Cv, Indianapolis, IN, 46280 uses $77,903 cash to close to unlock $2,274/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,600/mo, and a $1,150/mo payment keeps the spread at $190/mo. Purchase price stands at $235,000, and rental yield measures 8.17% with $1,600/mo rent. Return on cash invested shows 22.83% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 118.28% and total cumulative return in cash records $92,140. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,600/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 2002
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46280, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,987 (100%) |
| Owner Occupied HU | 2,438 (61.1%) |
| Renter Occupied HU | 1,325 (33.2%) |
| Vacant Housing Units | 224 ( 5.6%) |
| Median Home Value | $415,727 |
| Average Home Value | $436,357 |
Housing Distribution
Address Breakdown
Residential
3,819
Single Family
3,612
Multi-Family
207
Businesses
254
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Listed by: Kylie Ellis • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061625