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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% |
Rental property for sale in Indianapolis at 9324 W Point Pl, Indianapolis, IN, 46268 generates $1,812/mo in rent, after a $1,713/mo payment. Total monthly income is $1,812/mo. Return on cash invested sits at 16.39% in year one, and rental yield is 6.21% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 83.91% and total cumulative return in cash sums $97,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,812/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.69 Acres lot
$N/A/sqft
$310 semi-annually HOA
Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,785 (100%) |
| Owner Occupied HU | 5,780 (45.2%) |
| Renter Occupied HU | 6,292 (49.2%) |
| Vacant Housing Units | 713 ( 5.6%) |
| Median Home Value | $245,536 |
| Average Home Value | $279,210 |
Residential
12,154
Single Family
8,633
Multi-Family
3,521
Businesses
1,956
Date | Event | Price |
|---|---|---|
| 2025-05-12 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-13 | $2767.98 | 7.12% | $336,100 | 21.42% |
| 2023-05-13 | $2584.00 | 13.38% | $276,800 | 7.12% |
| 2022-05-13 | $2278.98 | 3.92% | $258,400 | 13.38% |
What's Special
Pull Down Stairs
Listed by: Michael Fisher • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22036865
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-13 07:47:55 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)
