What to know about this one.
Strong cash-flowing single-family home currently operating as a rent-by-the-room investment in a high-demand Indianapolis rental pocket. This property is part of a 4-property rent-by-the-room portfolio and features multiple private bedrooms with shared common areas-ideal for maximizing income and appealing to workforce tenants. Currently 5 of 7 rooms are occupied, generating $3,000/month. Fully occupied, projected rents are $4,100/month
Estimate your monthly payment
- P&I $1,483
- Property tax $233
- Insurance $98
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 trust2536 Indianapolis Ave
Indianapolis, IN 46208

