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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 1803 Shawnee Rd, Indianapolis, IN, 46260 uses $107,704 cash to close to unlock $5,963/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $2,447/mo, and a $1,590/mo payment keeps the spread at $497/mo. Purchase price stands at $324,900, and rental yield measures 9.04% with $2,447/mo rent. Return on cash invested shows 25.45% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 132.28% and total cumulative return in cash records $142,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,447/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46260, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,842 (100%) |
| Owner Occupied HU | 7,029 (44.4%) |
| Renter Occupied HU | 7,577 (47.8%) |
| Vacant Housing Units | 1,236 ( 7.8%) |
| Median Home Value | $322,134 |
| Average Home Value | $385,713 |
Residential
15,242
Single Family
11,322
Multi-Family
3,920
Businesses
683
Date | Event | Price |
|---|---|---|
| 2024-11-04 | Listed for sale | $324,900 |
| 2022-12-30 | Sold | $300,000 |
| 2022-12-05 | Pending sale | $299,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $1837.38 | 12.55% | $347,200 | 121.43% |
| 2022-11-19 | $1632.52 | 16.22% | $156,800 | 12.32% |
| 2021-11-19 | $1404.72 | 12.26% | $139,600 | 7.38% |
Listed by: Andrea Kaiser • Kaiser's Sweet Home Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202442758
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
