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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 638 Eugene St, Indianapolis, IN, 46208 at $150,000 posts ROI 20.91% with $42/mo cash flow from $959/mo rent. Total monthly income equals $959/mo, and annual cash flow records $498/yr on $49,725 to close. Return on cash invested measures 20.91% and rental yield reads 7.67% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 108.15% and total cumulative return in cash totals $53,778.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $959/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-04-04 | Listed for sale | $150,000 |
| 2024-05-08 | Sold | $100,000 |
| 2024-04-04 | Pending sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-10 | $1452.02 | 18.54% | $67,400 | 9.59% |
| 2022-04-10 | $1224.94 | 9.52% | $61,500 | 15.82% |
| 2021-04-10 | $1118.48 | 0.16% | $53,100 | 9.94% |
Listed by: Kendrick Major • Alliance Enterprise Services, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22028895
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-10 07:27:46 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)
