What to know about this one.
RENTED FOR $1,450/MONTH, this property offers an investor instant cash flow on day one. This 2-bed/1-bath home has been updated with newer mechanicals and roof - the big ticket items are already done. Lease runs through March 2027, giving the next owner over a year of guaranteed income with zero work required.
Estimate your monthly payment
- P&I $594
- Property tax $98
- Insurance $41
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust1211 N Gale Street
Indianapolis, IN 46201



