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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 970 Fort Wayne Ave APT 207, Indianapolis, IN, 46202 listed at $240,000 pairs $1,399/mo rent with a $1,175/mo payment. Total monthly income runs $1,399/mo. Return on cash invested measures 13.89% in year one, and rental yield registers 7% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 72.27% and total cumulative return in cash totals $57,494. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,399/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1920
N/A lot
$N/A/sqft
$357 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 |
|---|---|---|
| 2025-08-12 | Listed for sale | $240,000 |
| 2024-12-20 | Sold | $226,000 |
| 2024-11-09 | Pending sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-14 | $1665.30 | -2.45% | $150,100 | N/A |
| 2023-08-14 | $1707.14 | 3.32% | $150,100 | 1.62% |
| 2022-08-14 | $1652.26 | -6.90% | $147,700 | 1.16% |
Listed by: Katelyn Bertling • Weichert REALTORS Cooper Group Indy
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22055914
Disclaimer: Based on information submitted to the MLS GRID as of 2025-08-14 08:02:59 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)
