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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 303, Indianapolis, IN, 46202 earns $300/mo cash flow from $2,834/mo rent with a $1,591/mo payment. Total monthly income totals $2,834/mo, and annual cash flow totals $3,596/yr on $107,738 capital. ROI tracks 23.25% on current figures, and rental yield reads 10.46% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 122.85% and total cumulative return in cash sums $132,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,834/mo property income instead of your personal income.
Condo
Built in 1920
1,306 sqft lot
$N/A/sqft
$572 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 |
|---|---|---|
| 2025-05-29 | Listed for sale | $325,000 |
| 2023-11-03 | Sold | $300,000 |
| 2023-10-11 | Pending sale | $305,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $2830.98 | 1.02% | $240,200 | N/A |
| 2023-05-30 | $2802.28 | 3.67% | $240,200 | 1.61% |
| 2022-05-30 | $2703.00 | -6.80% | $236,400 | 1.20% |
Listed by: Erin Wessels • Good Living Indy, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22040512
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-30 07:38:00 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)
