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% |
Investment property for sale in Indianapolis at 721 E North St APT 4A, Indianapolis, IN, 46202 uses $137,573 cash to close to unlock $6,000/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $3,670/mo, and a $2,031/mo payment keeps the spread at $500/mo. Purchase price stands at $415,000, and rental yield measures 10.61% with $3,670/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 128.15% and total cumulative return in cash records $176,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,670/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$605 monthly HOA
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
| 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 |
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Sold | $415,000 |
| 2024-10-25 | Pending sale | $415,000 |
| 2024-09-26 | Price change | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $4331.84 | 4.21% | $362,600 | -0.08% |
| 2023-10-26 | $4156.68 | -9.53% | $362,900 | 4.85% |
| 2022-10-26 | $4594.58 | -2.81% | $346,100 | -11.55% |
Listed by: John Wright • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21963371
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 05:03:10 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)
