Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 304 N College Ave APT B, Indianapolis, IN, 46202 priced at $630,000 pairs $3,580/mo rent with after a $3,084/mo payment. Total monthly income equals $3,580/mo. Return on cash invested is 15.53% in year one, and rental yield stands at 6.82% on a $630,000 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,057 by year five. Five-year ROI measures 80.3% and total cumulative return in cash reaches $166,438. For financing, Ziffy Mortgage’s DSCR program evaluates $3,580/mo property income against a $3,084/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
Date | Event | Price |
|---|---|---|
| 2025-05-08 | Listed for sale | $630,000 |
| 2021-11-19 | Sold | $455,600 |
| 2021-10-09 | Pending sale | $465,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-09 | $12195.76 | 2.91% | $473,600 | -7.64% |
| 2023-05-09 | $11850.78 | 27.85% | $512,800 | 2.46% |
| 2022-05-09 | $9269.18 | -4.95% | $500,500 | 25.12% |
What's Special
Access Only
Listed by: Adrienne Johnson • Epique Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22016838
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-09 08:13:06 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)
