Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 10809 Penwell Way, Indianapolis, IN, 46235 offers a 8.01% rental yield on a $240,000 purchase with $1,602/mo rent. Total monthly income registers $1,602/mo, and a $1,175/mo payment leaves $161/mo available for distribution. Annual cash flow reaches $1,932/yr on $79,560 to close, and return on cash invested stands at 22.34% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 115.6% and total cumulative return in cash at $91,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,602/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46235, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,400 (100%) |
| Owner Occupied HU | 6,701 (46.5%) |
| Renter Occupied HU | 6,414 (44.5%) |
| Vacant Housing Units | 1,285 ( 8.9%) |
| Median Home Value | $195,850 |
| Average Home Value | $228,932 |
Residential
13,799
Single Family
12,698
Multi-Family
1,101
Businesses
155
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Rosa Molina • Casas Investments LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071940
