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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 8238 E 11th St, Indianapolis, IN, 46219 uses $79,527 cash to close to unlock $1,441/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $1,174/mo payment keeps the spread at $120/mo. Purchase price stands at $239,900, and rental yield measures 7.8% with $1,560/mo rent. Return on cash invested shows 21.72% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 112.38% and total cumulative return in cash records $89,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Terry Brown • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062204
