What to know about this one.
This home in Crown Hill is a great value-add opportunity, whether you're a first-time homebuyer ready to build sweat equity or an investor expanding your rental portfolio. Currently occupied by an at-will tenant paying $800/month, it offers immediate income with upside potential through upgrades and rent growth. Ideally located with quick access to Downtown Indy, Newfields, Butler University, and major transit routes, this property sits in a high-demand area with strong rental potential. With solid bones and neighborhood momentum, it’s a prime candidate for strategic renovation or long-term hold.
Estimate your monthly payment
- P&I $583
- Property tax $92
- Insurance $38
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 trust3445 Graceland Ave
Indianapolis, IN 46208
