What to know about this one.
RENTED FOR $1,200/MONTH, this Old Southside single-family is generating income on day one with a lease in place through November 2026. Located just minutes from downtown Indianapolis, this is a low entry point at $129,900 with a tenant already in place - no work, no wait.
Estimate your monthly payment
- P&I $534
- Property tax $88
- Insurance $37
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 trust1909 Union Street
Indianapolis, IN 46225



