Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 6430 Meridian Pkwy APT A, Indianapolis, IN, 46220 priced at $482,650 converts $1,794/mo rent into after a $2,362/mo obligation. Total monthly income equals $1,794/mo. Return on cash invested prints 7.29% in year one, and rental yield reads 4.46% against a $482,650 entry. Equity gained on principal adds $3,114/yr, while 5% annual appreciation compiles into $133,347 by year five. Five-year ROI reaches 36.52% and total cumulative return in cash sums $58,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,794/mo property income covering a $2,362/mo payment, not borrower’s personal income.
Condo
Built in 2005
7,840 sqft lot
$N/A/sqft
$580 monthly HOA
Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,578 (100%) |
| Owner Occupied HU | 10,835 (58.3%) |
| Renter Occupied HU | 6,609 (35.6%) |
| Vacant Housing Units | 1,134 ( 6.1%) |
| Median Home Value | $353,955 |
| Average Home Value | $402,384 |
Residential
17,664
Single Family
14,977
Multi-Family
2,687
Businesses
1,730
Date | Event | Price |
|---|---|---|
| 2025-07-14 | Sold | $482,650 |
| 2025-06-16 | Pending sale | $514,900 |
| 2025-05-13 | Listed for sale | $514,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bernard Goodman • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22033581
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 04:42:47 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)
