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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 8425 Codesa Way, Indianapolis, IN, 46278 uses $84,731 cash to close to unlock $11,889/yr annual cash flow and $991/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,251/mo payment keeps the spread at $991/mo. Purchase price stands at $255,600, and rental yield measures 12.68% with $2,700/mo rent. Return on cash invested shows 33.94% in year one, and 5% annual appreciation builds toward $70,618 over five years. Five-year ROI reaches 178.75% and total cumulative return in cash records $151,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,251/mo payment rather than investor’s personal income.
Condo
Built in 2006
2,003 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood data shown for ZIP Code: 46278, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,422 (100%) |
| Owner Occupied HU | 3,111 (90.9%) |
| Renter Occupied HU | 218 ( 6.4%) |
| Vacant Housing Units | 93 ( 2.7%) |
| Median Home Value | $425,349 |
| Average Home Value | $455,718 |
Residential
3,383
Single Family
3,208
Multi-Family
175
Businesses
590
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Listing removed | $259,999 |
| 2025-07-02 | Price change | $259,999 |
| 2025-06-27 | Price change | $268,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $1740.52 | -14.97% | $244,200 | 3.61% |
| 2023-10-11 | $2046.98 | 22.36% | $235,700 | 15.14% |
| 2022-10-11 | $1672.92 | 2.00% | $204,700 | 11.49% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
