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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 350 N Meridian St UNIT A302, Indianapolis, IN, 46204 earns from $1,925/mo rent with a $979/mo payment. Total monthly income totals $1,925/mo. ROI tracks 18.21% on current figures, and rental yield reads 11.55% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 98.91% and total cumulative return in cash sums $65,576. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,925/mo property income instead of your personal income.
Condo
Built in 1924
N/A lot
$N/A/sqft
$493 monthly HOA
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
Date | Event | Price |
|---|---|---|
| 2024-11-18 | Sold | $200,000 |
| 2024-11-12 | Pending sale | $220,000 |
| 2024-11-07 | Listed for sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $5562.34 | 95.82% | $225,900 | -3.67% |
| 2023-10-26 | $2840.54 | 11.57% | $234,500 | -2.09% |
| 2022-10-26 | $2545.90 | -0.80% | $239,500 | 8.62% |
Listed by: Chuck Pennington • Luxcity Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22006105
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 05:08:28 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)
