9831 Carefree DrIndianapolisIN46256
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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 9831 Carefree Dr, Indianapolis, IN, 46256 offers a 8.23% rental yield on a $569,500 purchase with $3,907/mo rent. Total monthly income registers $3,907/mo, and a $2,787/mo payment leaves $489/mo available for distribution. Annual cash flow reaches $5,866/yr on $187,366 to close, and return on cash invested stands at 23.19% in year one. Equity gained on principal adds $3,675/yr while 5% annual appreciation supports $157,342 over five years. Portfolio math shows five-year ROI at 120.16% and total cumulative return in cash at $225,132. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,907/mo property income against a $2,787/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46256, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,441 (100%) |
| Owner Occupied HU | 7,189 (68.9%) |
| Renter Occupied HU | 2,590 (24.8%) |
| Vacant Housing Units | 662 ( 6.3%) |
| Median Home Value | $311,311 |
| Average Home Value | $355,792 |
Housing Distribution
Address Breakdown
Residential
10,126
Single Family
8,590
Multi-Family
1,536
Businesses
629
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Listed by: Samuel Snell • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064535