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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 624 E Walnut St APT 48, Indianapolis, IN, 46204 generates $2,590/mo in rent and, after a $1,684/mo payment, leaves $115/mo in cash flow. Total monthly income is $2,590/mo, and annual cash flow is $1,378/yr on $114,036 invested. Return on cash invested sits at 21.12% in year one, and rental yield is 9.03% on a $344,000 entry. Equity gained on principal adds $2,220/yr, while 5% annual appreciation builds toward $95,041 over five years. Five-year ROI reaches 110.64% and total cumulative return in cash sums $126,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,590/mo property income rather than buyer’s personal income.
Condo
Built in 1922
N/A lot
$N/A/sqft
$364 monthly HOA
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
Date | Event | Price |
|---|---|---|
| 2025-08-13 | Sold | $344,000 |
| 2025-07-24 | Pending sale | $355,000 |
| 2025-07-09 | Price change | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $3407.12 | -1.12% | $303,900 | 5.78% |
| 2023-10-26 | $3445.54 | -9.03% | $287,300 | -0.42% |
| 2022-10-26 | $3787.36 | 0.35% | $288,500 | -10.96% |
Listed by: Rob Mager • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22044729
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 03:43:19 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)
