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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 Beech Grove at 349 N 17th Ave, Beech Grove, IN, 46107 offers a 8% rental yield on a $225,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,101/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,795/yr on $74,588 to close, and return on cash invested stands at 22.32% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 115.51% and total cumulative return in cash at $86,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
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: Garrett Brooks • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066621
