Norway Plan, Trails at Grassy CreekIndianapolisIN46229
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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 Norway Plan, Trails at Grassy Creek, Indianapolis, IN, 46229 priced at $318,995 converts $3,050/mo rent into $1,135/mo cash flow after a $1,561/mo obligation. Total monthly income equals $3,050/mo, and annual cash flow totals $13,625/yr on $105,747 invested. Return on cash invested prints 32.79% in year one, and rental yield reads 11.47% against a $318,995 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,132 by year five. Five-year ROI reaches 171.72% and total cumulative return in cash sums $181,584. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,050/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Listed by: N/A • Arbor Homes
Mls Name: Arbor Homes
Mls Provider:
Mls ID: #N/A