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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 3708 Magenta Ln UNIT 6, Indianapolis, IN, 46214 uses $58,013 cash to close to unlock $7,056/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $1,639/mo, and a $857/mo payment keeps the spread at $588/mo. Purchase price stands at $175,000, and rental yield measures 11.24% with $1,639/mo rent. Return on cash invested shows 32.07% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 167.91% and total cumulative return in cash records $97,411. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,639/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46214, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 4,820 (40.2%) |
| Renter Occupied HU | 6,464 (53.9%) |
| Vacant Housing Units | 701 ( 5.8%) |
| Median Home Value | $214,272 |
| Average Home Value | $249,365 |
Residential
11,679
Single Family
7,775
Multi-Family
3,904
Businesses
416
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: Timothy Wright • Wright, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058820
