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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% |
Investment property for sale in Indianapolis at 1039 Reserve Way, Indianapolis, IN, 46220 listed at $344,000 pairs $2,956/mo rent with a $1,684/mo payment to leave $96/mo cash flow. Total monthly income runs $2,956/mo, and annual cash flow reaches $1,151/yr on $114,036 cash to close. Return on cash invested measures 20.92% in year one, and rental yield registers 10.31% at a $344,000 basis. Equity gained on principal adds $2,220/yr, and annual property appreciation at 5% supports $95,041 by year five. Five-year ROI tracks 111.03% and total cumulative return in cash totals $126,614. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,956/mo property income relative to a $1,684/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
2,178 sqft lot
$N/A/sqft
$290 monthly HOA
Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,578 (100%) |
| Owner Occupied HU | 10,835 (58.3%) |
| Renter Occupied HU | 6,609 (35.6%) |
| Vacant Housing Units | 1,134 ( 6.1%) |
| Median Home Value | $353,955 |
| Average Home Value | $402,384 |
Residential
17,664
Single Family
14,977
Multi-Family
2,687
Businesses
1,730
Date | Event | Price |
|---|---|---|
| 2024-11-20 | Sold | $344,000 |
| 2024-10-28 | Pending sale | $347,000 |
| 2024-08-29 | Listed for sale | $347,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $8911.60 | 9.76% | $357,400 | -4.87% |
| 2023-10-27 | $8119.46 | 17.24% | $375,700 | 9.25% |
| 2022-10-27 | $6925.30 | 0.79% | $343,900 | 14.56% |
Listed by: Brian Rule • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21998435
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 05:18:02 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)
