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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% |
Rental property for sale in Indianapolis at 3747 Lima Ct, Indianapolis, IN, 46227 priced at $166,000 converts $1,825/mo rent into $743/mo cash flow after a $812/mo obligation. Total monthly income equals $1,825/mo, and annual cash flow totals $8,916/yr on $55,029 invested. Return on cash invested prints 36.11% in year one, and rental yield reads 13.19% against a $166,000 entry. Equity gained on principal adds $1,071/yr, while 5% annual appreciation compiles into $45,863 by year five. Five-year ROI reaches 190.24% and total cumulative return in cash sums $104,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,825/mo property income covering a $812/mo payment, not borrower’s personal income.
Condo
Built in 1986
5,662 sqft lot
$N/A/sqft
$86 monthly HOA
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Sold | $166,000 |
| 2025-01-02 | Pending sale | $165,000 |
| 2024-10-12 | Listed for sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $797.96 | 2.32% | $103,200 | 6.94% |
| 2023-10-27 | $779.84 | 11.44% | $96,500 | 9.04% |
| 2022-10-27 | $699.78 | 14.63% | $88,500 | 9.39% |
What's Special
Access Only
Listed by: Basim Najeeb • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22006288
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 05:08:09 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)
