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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 3938 Erickson Ct, Indianapolis, IN, 46235 offers a 17.82% rental yield on a $114,200 purchase with $1,696/mo rent. Total monthly income registers $1,696/mo, and a $559/mo payment leaves $1,010/mo available for distribution. Annual cash flow reaches $12,125/yr on $37,857 to close, and return on cash invested stands at 51.94% in year one. Equity gained on principal adds $737/yr while 5% annual appreciation supports $31,551 over five years. Portfolio math shows five-year ROI at 274.4% and total cumulative return in cash at $103,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,696/mo property income against a $559/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46235, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,400 (100%) |
| Owner Occupied HU | 6,701 (46.5%) |
| Renter Occupied HU | 6,414 (44.5%) |
| Vacant Housing Units | 1,285 ( 8.9%) |
| Median Home Value | $195,850 |
| Average Home Value | $228,932 |
Residential
13,799
Single Family
12,698
Multi-Family
1,101
Businesses
155
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Listing removed | $175,000 |
| 2024-08-31 | Listed for sale | $180,000 |
| 2016-06-28 | Sold | $17,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
