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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 230 E 9th St APT 109, Indianapolis, IN, 46204 uses $43,095 cash to close to unlock $3,071/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $636/mo payment keeps the spread at $256/mo. Purchase price stands at $130,000, and rental yield measures 9.56% with $1,036/mo rent. Return on cash invested shows 27.03% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 140.82% and total cumulative return in cash records $60,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Seth Patton • Luxcity Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071911
