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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Indianapolis at 1 Virginia Ave APT 606, Indianapolis, IN, 46204 offers $1,920/mo rent that, after a $1,356/mo payment. Total monthly income is $1,920/mo. Return on cash invested measures 14.73% in year one, and rental yield stands at 8.32% at a $277,000 entry. Equity gained on principal adds $1,787/yr while 5% annual appreciation compounds into $76,530 by year five. Five-year ROI records 77.99% and total cumulative return in cash reaches $71,619. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
$556 monthly HOA
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $277,000 |
| 2025-06-10 | Pending sale | $270,000 |
| 2025-05-15 | Listing removed | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $3462.14 | -0.69% | $287,400 | -1.51% |
| 2023-10-26 | $3486.30 | 13.04% | $291,800 | N/A |
| 2022-10-26 | $3084.06 | -5.62% | $291,800 | 10.28% |
Listed by: Jamie Brown • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21930090
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 05:13:30 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
