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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 4000 N Meridian St APT 7G, Indianapolis, IN, 46208 listed at $200,000 pairs $2,232/mo rent with a $979/mo payment. Total monthly income runs $2,232/mo. Return on cash invested measures 18.62% in year one, and rental yield registers 13.39% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 102.93% and total cumulative return in cash totals $68,240. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,232/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
1,176 sqft lot
$N/A/sqft
$1,000 monthly HOA
Neighborhood data shown for ZIP Code: 46208, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,258 (100%) |
| Owner Occupied HU | 4,075 (39.7%) |
| Renter Occupied HU | 4,483 (43.7%) |
| Vacant Housing Units | 1,700 (16.6%) |
| Median Home Value | $256,783 |
| Average Home Value | $310,376 |
Residential
9,990
Single Family
7,995
Multi-Family
1,995
Businesses
624
Date | Event | Price |
|---|---|---|
| 2025-09-04 | Listing removed | $1,995 |
| 2025-09-02 | Listing removed | $335,000 |
| 2025-08-07 | Listed for sale | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $2890.94 | -2.87% | $245,100 | N/A |
| 2023-10-12 | $2976.36 | 11.65% | $245,100 | -2.16% |
| 2022-10-12 | $2665.84 | -0.39% | $250,500 | 8.68% |
Listed by: Brian Frederickson • Pinnacle Group Real Estate Ser
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21912049
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-11 21:05:30 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)
