Norway Plan, Trails at Grassy CreekIndianapolisIN46229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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, Trails at Grassy Creek, Indianapolis, IN, 46229 listed at $318,995 pairs $2,151/mo rent with a $1,561/mo payment to leave $236/mo cash flow. Total monthly income runs $2,151/mo, and annual cash flow reaches $2,837/yr on $105,747 cash to close. Return on cash invested measures 22.59% in year one, and rental yield registers 8.09% at a $318,995 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,132 by year five. Five-year ROI tracks 117% and total cumulative return in cash totals $123,720. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,151/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Have Questions? • Arbor Homes
Mls Name: Arbor Homes
Mls Provider:
Mls ID: #N/A