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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 3251 Mars Hill St, Indianapolis, IN, 46221 earns $114/mo cash flow from $796/mo rent with a $513/mo payment. Total monthly income totals $796/mo, and annual cash flow totals $1,374/yr on $34,774 capital. ROI tracks 23.86% on current figures, and rental yield reads 9.11% at a $104,900 purchase. Equity gained on principal adds $677/yr, and 5% annual appreciation supports $28,982 over five years. Five-year ROI reaches 124.52% and total cumulative return in cash sums $43,302. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $796/mo property income instead of your personal income.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46221, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,205 (100%) |
| Owner Occupied HU | 6,485 (57.9%) |
| Renter Occupied HU | 3,906 (34.9%) |
| Vacant Housing Units | 814 ( 7.3%) |
| Median Home Value | $209,976 |
| Average Home Value | $214,246 |
Residential
10,643
Single Family
10,523
Multi-Family
120
Businesses
359
Date | Event | Price |
|---|---|---|
| 2025-06-17 | Listed for sale | $104,900 |
| 2023-11-15 | Sold | $55,000 |
| 2008-05-24 | Listing removed | $19,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-18 | $1497.94 | 3.03% | $70,900 | 5.82% |
| 2023-06-18 | $1453.84 | 59.64% | $67,000 | 3.24% |
| 2022-06-18 | $910.72 | 0.69% | $64,900 | 63.48% |
Listed by: Terry Young • Red Bridge Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22045526
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-18 07:37:50 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)
