Norway Plan, Edgebrook PreserveIndianapolisIN46259
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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 Norway Plan, Edgebrook Preserve, Indianapolis, IN, 46259 offers a 11.87% rental yield on a $333,995 purchase with $3,304/mo rent. Total monthly income registers $3,304/mo, and a $1,635/mo payment leaves $1,299/mo available for distribution. Annual cash flow reaches $15,586/yr on $110,719 to close, and return on cash invested stands at 33.99% in year one. Equity gained on principal adds $2,155/yr while 5% annual appreciation supports $92,277 over five years. Portfolio math shows five-year ROI at 178.08% and total cumulative return in cash at $197,165. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,304/mo property income against a $1,635/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46259, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,259 (100%) |
| Owner Occupied HU | 4,788 (91.0%) |
| Renter Occupied HU | 342 ( 6.5%) |
| Vacant Housing Units | 129 ( 2.5%) |
| Median Home Value | $361,879 |
| Average Home Value | $399,564 |
Housing Distribution
Address Breakdown
Residential
5,196
Single Family
5,196
Multi-Family
0
Businesses
77
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Listed by: Have Questions? • Arbor Homes
Mls Name: Arbor Homes
Mls Provider:
Mls ID: #N/A