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About This Home
This 3-bedroom, 2-bathroom single family at 1221 Vandeman Street in Indianapolis, IN is listed for $155,000 ($115 per sqft). Built in 2026, the home offers 1,352 sqft of living space on a 0.15 acres lot.
This is an affordable housing build developed by Southeast Neighborhood Development (SEND). Buyer's income must qualify under current HUD Income Limits. Property must be owner-occupied. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income
thresholds: Household of 1: $62,000, Household of 2: $70,850, Household of 3: $79,700, Household of 4: $88,550, Household of 5: $95,650, Household of 6: $102,750. All buyers must apply at SEND (Southeast Neighborhood Development) and qualify before an offer will be accepted.
Sale of home to buyer is contingent upon SEND's determination that buyer's household income is at or below the HUD required 80% AMI and housing cost does not account for more than 30% of total monthly income. SEND will require a recapture agreement for the portion of the development gap / subsidy amount utilized to ensure affordability.
Key Features
- Built in 2026
- 0.15 acre lot
Property Details
Monthly Cost Estimate
$829/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1221 Vandeman Street
Indianapolis, IN 46203
Hosbrooks Prospect
Property Details
Construction
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 1221 Vandeman Street is listed at $155,000 ($115/sqft). The estimated monthly payment is $672 based on 20% down at 6.5% interest.
Key features include: Built in 2026, 0.15 acre lot.
This property is listed by Daniel McNeal and can be reached at 3179023177 or dan@atpropertiesind.com.
