1605 E 46th St, Indianapolis, IN, 46205 | $288/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1605 E 46th St, Indianapolis, IN, 46205 | $288/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1824 sft

2531 Redland Ln, Indianapolis, IN, 46217

2 Bed
2 Bath
1516 sft

123 Old Farm Rd, Danville, IN, 46122

2 Bed
1 Bath
1720 sft

55 E Regent St, Indianapolis, IN, 46225

1 Bed
1 Bath
880 sft

233 Saint Joseph St UNIT 2G, Indianapolis, IN, 46202

Nearby investment properties with comparable prices

3 Bed
1 Bath
936 sft

2650 Woodrow Ave, Indianapolis, IN, 46241

3 Bed
1 Bath
1120 sft

812 N California St, Indianapolis, IN, 46202

4 Bed
2 Bath
2865 sft

725 N Sheffield Ave, Indianapolis, IN, 46222

3 Bed
1 Bath
2648 sft

3358 Ruckle St, Indianapolis, IN, 46205

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Indianapolis at 1605 E 46th St, Indianapolis, IN, 46205 listed at $185,000 pairs $1,398/mo rent with a $905/mo payment to leave $288/mo cash flow. Total monthly income runs $1,398/mo, and annual cash flow reaches $3,456/yr on $61,328 cash to close. Return on cash invested measures 25.54% in year one, and rental yield registers 9.07% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 132.81% and total cumulative return in cash totals $81,447. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,398/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1947

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 4-bedroom home in the heart of SoBro, offering the perfect mix of convenience, comfort, and character. With 2 bedrooms upstairs and 2 on the main level, this layout works beautifully for flexible living-whether you need guest space, a home office, or room to spread out. A full basement provides excellent storage or hobby potential, and the fully fenced yard is ideal for pets, play, or relaxing outdoors. High-voltage wiring has already been run for EV charging, making this home future-ready. Located near the bus line, Monon Trail, shopping, and tons of SoBro's favorite restaurants, this home puts you right where you want to be. Come see why this neighborhood-and this home-continues to be a favorite.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46205, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,386 (100%)
Owner Occupied HU	6,340 (41.2%)
Renter Occupied HU	7,347 (47.8%)
Vacant Housing Units	1,699 (11.0%)
Median Home Value	$327,153
Average Home Value	$356,950