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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 1331 N Berwick Ave, Indianapolis, IN, 46222 listed at $190,000 pairs $1,838/mo rent with a $930/mo payment to leave $697/mo cash flow. Total monthly income runs $1,838/mo, and annual cash flow reaches $8,369/yr on $62,985 cash to close. Return on cash invested measures 33.2% in year one, and rental yield registers 11.61% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 173.89% and total cumulative return in cash totals $109,524. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,838/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Sold | $190,000 |
| 2025-07-31 | Pending sale | $190,000 |
| 2025-07-15 | Listed for sale | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $528.08 | 19.72% | $80,600 | N/A |
| 2023-10-10 | $441.08 | 26.24% | $80,600 | 8.77% |
| 2022-10-10 | $349.40 | 15.09% | $74,100 | 27.54% |
What's Special
Access Only
Listed by: Xavier McFadden • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22041210
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-09 22:23:03 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)
