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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 53 N Devon Ave, Indianapolis, IN, 46219 generates $1,560/mo in rent and, after a $1,223/mo payment, leaves $60/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $720/yr on $82,842 invested. Return on cash invested sits at 20.78% in year one, and rental yield is 7.49% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 107.33% and total cumulative return in cash sums $88,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
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: Shannon Adair • Canon Real Estate Services LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067590
