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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 1338 Norton Ave, Indianapolis, IN, 46227 offers a 12.25% rental yield on a $215,000 purchase with $2,194/mo rent. Total monthly income registers $2,194/mo, and a $1,052/mo payment leaves $904/mo available for distribution. Annual cash flow reaches $10,845/yr on $71,273 to close, and return on cash invested stands at 35.12% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 184.21% and total cumulative return in cash at $131,293. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,194/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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: Brooke Haston • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060697
