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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 706 Massachusetts Ave APT 201, Indianapolis, IN, 46204 uses $132,699 cash to close to unlock $6,155/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $3,047/mo, and a $1,959/mo payment keeps the spread at $513/mo. Purchase price stands at $400,300, and rental yield measures 9.13% with $3,047/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $110,596 over five years. Five-year ROI reaches 127.9% and total cumulative return in cash records $169,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,047/mo property income covering a $1,959/mo payment rather than investor’s personal income.
Condo
Built in 1860
436 sqft lot
$N/A/sqft
$46 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 |
|---|---|---|
| 2024-11-01 | Listing removed | $449,900 |
| 2024-10-03 | Price change | $449,900 |
| 2024-05-10 | Listed for sale | $474,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $4347.76 | 0.51% | $357,900 | -1.73% |
| 2023-10-26 | $4325.86 | 3.03% | $364,200 | 1.22% |
| 2022-10-26 | $4198.76 | -2.59% | $359,800 | 0.42% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
