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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 1647 Sheldon St, Indianapolis, IN, 46218 at $498,000 posts ROI 9.96% with from $1,620/mo rent. Total monthly income equals $1,620/mo. Return on cash invested measures 9.96% and rental yield reads 3.9% at the current $498,000. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 by year five. Five-year ROI prints 49.26% and total cumulative return in cash totals $81,316. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
Date | Event | Price |
|---|---|---|
| 2025-05-01 | Price change | $490,000 |
| 2024-08-01 | Price change | $498,000 |
| 2024-01-13 | Listed for sale | $490,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $2.76 | -0.72% | $200 | 100.00% |
| 2023-10-26 | $2.78 | -6.08% | $100 | N/A |
| 2022-10-26 | $2.96 | 27.59% | $100 | N/A |
Listed by: Terry Brown • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21993899
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 05:23:15 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)
