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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 5453 Nighthawk Way, Indianapolis, IN, 46254 listed at $220,000 pairs $1,878/mo rent with a $1,077/mo payment to leave $151/mo cash flow. Total monthly income runs $1,878/mo, and annual cash flow reaches $1,809/yr on $72,930 cash to close. Return on cash invested measures 22.39% in year one, and rental yield registers 10.24% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 118.34% and total cumulative return in cash totals $86,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,878/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
2,613 sqft lot
$N/A/sqft
$226 monthly HOA
Neighborhood data shown for ZIP Code: 46254, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,800 (100%) |
| Owner Occupied HU | 7,314 (41.1%) |
| Renter Occupied HU | 9,421 (52.9%) |
| Vacant Housing Units | 1,065 ( 6.0%) |
| Median Home Value | $222,429 |
| Average Home Value | $262,409 |
Residential
17,159
Single Family
12,864
Multi-Family
4,295
Businesses
847
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $220,000 |
| 2024-03-29 | Sold | $200,000 |
| 2024-02-16 | Pending sale | $194,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $3990.00 | 21.42% | $196,400 | -1.55% |
| 2023-04-28 | $3286.00 | 14.42% | $199,500 | 21.42% |
| 2022-04-28 | $2872.00 | 8.46% | $164,300 | 14.42% |
What's Special
Access Only
Listed by: Craig McLaurin • Redfin Corporation
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22034605
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-28 07:47:42 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)
