Freeport Plan, Cardinal GroveIndianapolisIN46221
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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
Rental property for sale in Indianapolis at Freeport Plan, Cardinal Grove, Indianapolis, IN, 46221 priced at $336,000 converts $1,973/mo rent into after a $1,645/mo obligation. Total monthly income equals $1,973/mo. Return on cash invested prints 19.43% in year one, and rental yield reads 7.05% against a $336,000 entry. Equity gained on principal adds $2,168/yr, while 5% annual appreciation compiles into $92,831 by year five. Five-year ROI reaches 100.05% and total cumulative return in cash sums $111,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,973/mo property income covering a $1,645/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46221, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,205 (100%) |
| Owner Occupied HU | 6,485 (57.9%) |
| Renter Occupied HU | 3,906 (34.9%) |
| Vacant Housing Units | 814 ( 7.3%) |
| Median Home Value | $209,976 |
| Average Home Value | $214,246 |
Housing Distribution
Address Breakdown
Residential
10,643
Single Family
10,523
Multi-Family
120
Businesses
359
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A