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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 548 Lockerbie Cir N, Indianapolis, IN, 46202 priced at $499,999 pairs $1,800/mo rent with after a $2,447/mo payment. Total monthly income equals $1,800/mo. Return on cash invested is 8.21% in year one, and rental yield stands at 4.32% on a $499,999 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 40.94% and total cumulative return in cash reaches $67,855. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1985
1,306 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $499,999 |
| 2023-10-12 | Sold | $525,000 |
| 2023-08-14 | Pending sale | $550,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $6008.84 | -7.55% | $521,900 | 4.38% |
| 2023-05-01 | $6499.80 | 8.59% | $500,000 | -6.54% |
| 2022-05-01 | $5985.62 | 10.75% | $535,000 | 5.63% |
Listed by: Mitchell Gough • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22035465
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-01 07:57:52 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)
