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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% |
Rental property for sale in Indianapolis at 239 Legends Creek Way APT 310, Indianapolis, IN, 46229 generates $1,180/mo in rent and, after a $710/mo payment, leaves $309/mo in cash flow. Total monthly income is $1,180/mo, and annual cash flow is $3,711/yr on $48,068 invested. Return on cash invested sits at 27.63% in year one, and rental yield is 9.77% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 144.06% and total cumulative return in cash sums $69,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,180/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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: Myrian Wiggins • Reid Properties LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072168
