2202 N Leland Ave, Indianapolis, IN, 46218 | $177/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

2202 N Leland Ave, Indianapolis, IN, 46218 | $177/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
2274 sft

2140 Sugar Grove Ave, Indianapolis, IN, 46202

3 Bed
2 Bath
912 sft

3106 Newton Ave, Indianapolis, IN, 46201

2 Bed
1 Bath
840 sft

5312 W Mooresville Rd, Indianapolis, IN, 46221

2 Bed
1 Bath
775 sft

1125 Sharon Ave, Indianapolis, IN, 46222

Nearby investment properties with comparable prices

2 Bed
1 Bath
768 sft

2224 Saint Peter St, Indianapolis, IN, 46203

2 Bed
1 Bath
1602 sft

1216 N Ewing St, Indianapolis, IN, 46201

Currently Rented+ 3 more

3 Bed
1 Bath
864 sft

1246 McDougal St, Indianapolis, IN, 46203

Investment Property+ 1 more

3 Bed
1 Bath
2356 sft

3009 Foltz St, Indianapolis, IN, 46241

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 2202 N Leland Ave, Indianapolis, IN, 46218 listed at $155,000 pairs $1,108/mo rent with a $759/mo payment to leave $177/mo cash flow. Total monthly income runs $1,108/mo, and annual cash flow reaches $2,127/yr on $51,383 cash to close. Return on cash invested measures 24.05% in year one, and rental yield registers 8.58% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 124.86% and total cumulative return in cash totals $64,156. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,108/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1959

5,314 sqft lot

$N/A/sqft

No HOA

More details about the property

This is the kind of property investors dream about cash flowing right now, fully stabilized, no rehab needed, and surrounded by sold comps ranging from $137K to $175K. Clean, simple, profitable. Type: Single Family Residence Beds/Baths: 2 Beds / 1 Bath Sqft: 875 Lot Size: 5,314 sqft Year Built: 1959 Current Use: Tenant-occupied, cash flowing Condition: Clean interior, maintained, turnkey Tax Amount: ~$1,291/year Neighborhood: Emerson Gardens (fast-growing Eastside pocket) ?? Financial Snapshot Metric Value ARV Based on Comps $145,000$175,000 Current Market Value ~$82,000$90,000 Monthly Rent Potential $1,000$1,200/month Cap Rate (at $90K) 12%14%+ Repairs Needed None plug-and-play ?? Why This Property Stands Out ? Fully rented with no deferred maintenance ? Located in one of Indy's hottest appreciating zip codes (46218) ? Surrounded by retail flips and new developments ? Minimal footprint = low overhead + high ROI ? Great for BRRRR, long-term hold, or 1031 reinvestment ? No rehab = instant income 3176109834 for any questions

Neighborhood Data

Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.

Housing Distribution

Housing Statistics

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