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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 3438 N Leland Ave, Indianapolis, IN, 46218 at $115,000 posts ROI 38.54% with $592/mo cash flow from $1,345/mo rent. Total monthly income equals $1,345/mo, and annual cash flow records $7,104/yr on $38,123 to close. Return on cash invested measures 38.54% and rental yield reads 14.03% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 203.21% and total cumulative return in cash totals $77,469.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,345/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
Date | Event | Price |
|---|---|---|
| 2025-06-05 | Sold | $115,000 |
| 2025-05-12 | Pending sale | $119,500 |
| 2025-03-14 | Listed for sale | $119,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $1705.46 | 12.17% | $50,100 | -30.32% |
| 2023-10-27 | $1520.48 | 1659.81% | $71,900 | 11.65% |
| 2022-10-27 | $86.40 | 32.47% | $64,400 | 8.05% |
Listed by: Monique Bledsoe • True Property Management
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21998688
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 23:53:04 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)
