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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 611, Indianapolis, IN, 46204 offers a 9.29% rental yield on a $130,900 purchase with $1,013/mo rent. Total monthly income registers $1,013/mo, and a $641/mo payment leaves $227/mo available for distribution. Annual cash flow reaches $2,723/yr on $43,393 to close, and return on cash invested stands at 26.18% in year one. Equity gained on principal adds $845/yr while 5% annual appreciation supports $36,165 over five years. Portfolio math shows five-year ROI at 136.22% and total cumulative return in cash at $59,109. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,013/mo property income against a $641/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1928
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: Claire Stitz • Match House Realty Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058921
