721 E North St APT 2C, Indianapolis, IN, 46202 | $758/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

721 E North St APT 2C, Indianapolis, IN, 46202 | $758/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
2972 sft

4063 Peaceful Pl, Greenwood, IN, 46142

4 Bed
3 Bath
2831 sft

3154 McIntosh Dr, Bargersville, IN, 46106

3 Bed
3 Bath
1800 sft

340 Evans St, Indianapolis, IN, 46222

4 Bed
4 Bath
2882 sft

3376 Scramble Dr, Greenwood, IN, 46143

Nearby investment properties with comparable prices

2 Bed
2 Bath
1429 sft

Quincey Plan, Bo-Mar Estates, Plainfield, IN, 46168

2 Bed
2 Bath
1914 sft

1589 Blackthorne Trl N, Plainfield, IN, 46168

4 Bed
2 Bath
1619 sft

577 Austrian Way, Avon, IN, 46123

3 Bed
2 Bath
1462 sft

2350 Trefoil Dr, Plainfield, IN, 46168

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Indianapolis at 721 E North St APT 2C, Indianapolis, IN, 46202 listed at $305,400 pairs $2,605/mo rent with a $1,495/mo payment to leave $758/mo cash flow. Total monthly income runs $2,605/mo, and annual cash flow reaches $9,096/yr on $101,240 cash to close. Return on cash invested measures 28.89% in year one, and rental yield registers 10.24% at a $305,400 basis. Equity gained on principal adds $1,971/yr, and annual property appreciation at 5% supports $84,376 by year five. Five-year ROI tracks 150.88% and total cumulative return in cash totals $152,751. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,605/mo property income relative to a $1,495/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Apartment

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

1 Reserved Garage Space + 1 Off-street Spot. Location! Steps away from Mass Ave and Bottleworks, this 2 Bed/2 Bath Condo is equipped with stainless steal appliances, dry bar, and private balcony overlooking downtown Indianapolis. Tall ceilings, large windows, & an open concept pull you into a space perfect for entertaining. In unit W/D. A quiet building with only 15 other units. Secured Entrance. $2400 per month unfurnished. $2900 per month furnished. Utilities and WiFi not included. No smoking. Small dogs allowed ( 20 lbs). 2 month minimum stay. Renters must abide by Condo association rules and regulations. $2400 per month unfurnished. $2900 per month furnished. Utilities and WiFi not included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.

Housing Distribution

Housing Statistics

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

Housing Distribution

Address Breakdown

Residential

12,576

Single Family

6,063

Multi-Family

6,513

Businesses

1,266

Price History

Date	Event	Price
2025-07-15	Listing removed	$314,900
2025-06-12	Listed for sale	$314,900
2025-06-08	Listing removed	$2,400

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2024-10-24	$2697.66	4.51%	$229,200	-0.04%
2023-10-24	$2581.30	-10.09%	$229,300	4.94%
2022-10-24	$2870.94	-2.79%	$218,500	-11.75%

Nearby investment properties with comparable rents

4 Bed
3 Bath
2972 sft

4063 Peaceful Pl, Greenwood, IN, 46142

4 Bed
3 Bath
2831 sft

3154 McIntosh Dr, Bargersville, IN, 46106

3 Bed
3 Bath
1800 sft

340 Evans St, Indianapolis, IN, 46222

4 Bed
4 Bath
2882 sft

3376 Scramble Dr, Greenwood, IN, 46143

Nearby investment properties with comparable prices

2 Bed
2 Bath
1429 sft

Quincey Plan, Bo-Mar Estates, Plainfield, IN, 46168

2 Bed
2 Bath
1914 sft

1589 Blackthorne Trl N, Plainfield, IN, 46168

4 Bed
2 Bath
1619 sft

577 Austrian Way, Avon, IN, 46123

3 Bed
2 Bath
1462 sft

2350 Trefoil Dr, Plainfield, IN, 46168

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Apartment
Year Built: N/A
Architectural Style: N/A
Building Area: N/A
Living Area: 1,010 sqft
Property Condition: N/A

Features & Amenities

Heating: Forced Air
Cooling: Central Air
Flooring: Hardwood
Interior Features: N/A
Exterior Features: Dry bar, Heating system: Forced Air, Internet not included in rent
Parking Features: Attached, Garage

Location

City: Indianapolis
State: IN
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • N/A

Mls Name: Zillow Rentals

Mls ID: #N/A

721 E North St APT 2C,Indianapolis,IN,46202

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

721 E North St APT 2CIndianapolisIN46202