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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 207 S Meridian St UNIT 2F, Indianapolis, IN, 46225 offers a 1.76% rental yield on a $775,000 purchase with $1,134/mo rent. 22% in year one. Equity gained on principal adds $5,001/yr while 5% annual appreciation supports $214,118 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,134/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$550 monthly HOA
Neighborhood data shown for ZIP Code: 46225, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 1,243 (38.7%) |
| Renter Occupied HU | 1,373 (42.8%) |
| Vacant Housing Units | 593 (18.5%) |
| Median Home Value | $163,267 |
| Average Home Value | $214,771 |
Residential
3,085
Single Family
2,661
Multi-Family
424
Businesses
504
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $775,000 |
| 2022-09-30 | Sold | $650,000 |
| 2022-09-12 | Pending sale | $650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $14433.62 | 1.70% | $608,500 | N/A |
| 2023-07-01 | $14192.94 | 6.02% | $608,500 | 1.15% |
| 2022-07-01 | $13386.96 | -1.68% | $601,600 | 3.60% |
Listed by: Justin Steill • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22047934
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-01 07:22:56 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)
