1405 E Vermont St, Indianapolis, IN, 46201 | 5.15% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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1405 E Vermont St, Indianapolis, IN, 46201 | 5.15% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Indianapolis at 1405 E Vermont St, Indianapolis, IN, 46201 generates $2,896/mo in rent, after a $3,304/mo payment. Total monthly income is $2,896/mo. Return on cash invested sits at 13.81% in year one, and rental yield is 5.15% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 69.86% and total cumulative return in cash sums $155,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.

Single Family

Built in 2020

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Modern Charm in Holy Cross just steps from Highland Park! This stylish three level home + CARRIAGE HOUSE blends modern design with functionality in one of Indy's most desirable neighborhoods. LVP flooring runs throughout, paired with soaring ceilings and abundant natural light. The open-concept main floor features a sleek white kitchen with quartz countertops, subway tile backsplash, and a center island perfect for entertaining. A versatile first-floor bedroom offers flexibility for guests or a home office. Don't miss the convenient boot bench near the back entrance! On the 2nd floor, you'll find two very spacious bedrooms each with WIC, a full bath with double sinks, a laundry closet, and a generous loft. The third floor is a true retreat: a large primary suite with a spa-inspired bath featuring an oversized walk-in shower with dual shower heads, a generous double-sink vanity with ample storage, and a private balcony. You'll love the views of the city from your 3rd floor rooftop deck! Bonus Feature: A standout highlight is the detached carriage house above the two car garage. This fully finished guest space includes a full kitchen with modern appliances, a comfortable living area, a private bedroom, and a full bathroom. It's the perfect setup for long-term guests, in-laws, a private office or studio, or rental opportunity for added income. Out back, you've got room to spread out-a big, fenced in backyard with a poured patio and twinkle lights. Come on home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.

Housing Distribution

Housing Statistics

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