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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 2433 E 16th St, Indianapolis, IN, 46201 offers a 10.83% rental yield on a $177,000 purchase with $1,598/mo rent. Total monthly income registers $1,598/mo, and a $866/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,430/yr on $58,676 to close, and return on cash invested stands at 30.87% in year one. Equity gained on principal adds $1,142/yr while 5% annual appreciation supports $48,902 over five years. Portfolio math shows five-year ROI at 161.38% and total cumulative return in cash at $94,691. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,598/mo property income against a $866/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
Date | Event | Price |
|---|---|---|
| 2025-07-30 | Sold | $177,000 |
| 2025-06-12 | Pending sale | $174,900 |
| 2025-06-05 | Listed for sale | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $851.38 | -27.03% | $105,600 | 5.39% |
| 2023-10-15 | $1166.76 | 24.67% | $100,200 | -13.10% |
| 2022-10-15 | $935.88 | 164.07% | $115,300 | 16.35% |
Listed by: Joy Olson • Home Bound Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22042445
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-14 23:33:15 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)
