New Castle Plan, BelmontIndianapolisIN46237
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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 New Castle Plan, Belmont, Indianapolis, IN, 46237 with 5% annual appreciation on a $330,990 basis while $2,717/mo rent supports operations. Total monthly income totals $2,717/mo and a $1,620/mo payment preserves $730/mo for cash returns. Annual cash flow comes to $8,762/yr on $109,723 deployed, and return on cash invested reaches 27.89% in year one. Equity gained on principal adds $2,136/yr, and five-year appreciation sums $91,446 alongside rental yield of 9.85%. Five-year ROI measures 145.45% and total cumulative return in cash totals $159,597.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,717/mo property income versus a $1,620/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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Listed by: N/A • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A