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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 7224 N Tuxedo St, Indianapolis, IN, 46240 uses $122,622 cash to close to unlock $3,072/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,810/mo payment keeps the spread at $256/mo. Purchase price stands at $369,900, and rental yield measures 8.03% with $2,476/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 116.06% and total cumulative return in cash records $142,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $369,900 |
| 2013-03-29 | Sold | $172,500 |
| 2009-11-24 | Sold | $166,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $2941.06 | -6.37% | $259,600 | 6.57% |
| 2023-07-01 | $3141.12 | 2.63% | $243,600 | 3.48% |
| 2022-07-01 | $3060.72 | 22.28% | $235,400 | 2.48% |
Listed by: Laura Bonner • RE/MAX At The Crossing
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22048009
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-01 07:32:53 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)
