1798 Wellesley Ln, Indianapolis, IN, 46219 | $127/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

1798 Wellesley Ln, Indianapolis, IN, 46219 | $127/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1603 sft

1602 Queensbridge Sq APT 7, Indianapolis, IN, 46219

2 Bed
2 Bath
1090 sft

1739 Wellesley Cmns BUILDING 48A, Indianapolis, IN, 46219

2 Bed
2 Bath
1200 sft

7652 Justin Ln, Indianapolis, IN, 46219

3 Bed
2 Bath
1278 sft

1405 S Butler Ave, Indianapolis, IN, 46203

Nearby investment properties with comparable prices

Investment Property+ 2 more

3 Bed
2 Bath
1680 sft

1707 N Leland Ave, Indianapolis, IN, 46218

2 Bed
2 Bath
1009 sft

2017 Ticen Ct, Beech Grove, IN, 46107

2 Bed
2 Bath
952 sft

4824 Skelton St, Greenwood, IN, 46143

2 Bed
1 Bath
884 sft

112 S 3rd Ave, Beech Grove, IN, 46107

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 1798 Wellesley Ln, Indianapolis, IN, 46219 uses $54,664 cash to close to unlock $1,527/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,117/mo, and a $807/mo payment keeps the spread at $127/mo. Purchase price stands at $164,900, and rental yield measures 8.13% with $1,117/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 117.65% and total cumulative return in cash records $64,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,117/mo property income covering a $807/mo payment rather than investor’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

This charming, low-maintenance, one-level condominium offers comfort, convenience, and a desirable location. This 2-bedroom, 2-full-bath home features a galley kitchen with a breakfast bar, dining, and a great room that creates an inviting flow for everyday living and entertaining. A cozy gas-log fireplace anchors the great room, adding warmth and character throughout the colder months. Enjoy the fenced in Patio off the great room for grilling out. Both bedrooms are generously sized, with the primary suite offering its own private bath. The single-level layout provides easy accessibility, and the home's exterior maintenance is taken care of for you-allowing more time to enjoy the lifestyle this location provides. You're just minutes from I-70 and a short drive to downtown Indianapolis, making work commutes and weekend outings a breeze. Whether you're seeking comfort, convenience, or a lock-and-leave lifestyle, this condo is an excellent opportunity. Updates include: new garage door and roof (9/25), new water heater (8/25), second bath remodeled in 11/21, washer and dryer included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,635 (100%)
Owner Occupied HU	8,859 (53.3%)
Renter Occupied HU	6,462 (38.8%)
Vacant Housing Units	1,314 ( 7.9%)
Median Home Value	$207,615
Average Home Value	$227,043