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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 1213 Newman St, Indianapolis, IN, 46201 generates $2,896/mo in rent, after a $2,932/mo payment. Total monthly income is $2,896/mo. Return on cash invested sits at 15.8% in year one, and rental yield is 5.8% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 80.53% and total cumulative return in cash sums $158,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Multi Family
Built in 1926
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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: Jacob Deacon • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22068105
