About This Home

This 4-bedroom, 1-bathroom single family at 4405 Prospect Street in Indianapolis, IN is listed for $189,900 ($198 per sqft). Built in 1949, the home offers 960 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 1949
  • 0.26 acre lot

Property Details

1 story
1 full
1949
Listing Description

Investment Opportunity with Strong Cash Flow, this is it! Immediate income with this fully renovated 4-bedroom, 1-bath investment property. With lease in place through IHA at $2,310/month which aligns with key investor benchmarks. Move-in date of May 8, 2026.

The home has been completely gutted down to the studs and thoughtfully remodeled from top to bottom, offering peace of mind and low maintenance for years to come. Major upgrades include, new metal roof, all-new mechanicals, updated electrical with a 200-amp panel, and a mini-split system with supplemental heat making this property incredibly cost-effective.

Inside, the property features luxury vinyl plank flooring throughout, a beautifully updated kitchen with granite countertops, new cabinetry, stainless steel appliances, and modern finishes, plus recessed lighting and contemporary touches that elevate the entire space.

The functional layout offers four bedrooms, providing flexibility and strong rental appeal. Additional improvements such as new windows, exterior siding, and a tankless water heater offer enhanced efficiency and long-term value. Whether you're expanding your portfolio or securing your first investment, this is a true turnkey opportunity with built-in returns from day one.

Monthly Cost Estimate

$1,016/mo

20% down · 6.5% · 30 years

Principal$137
Interest$823
Insurance$55

Estimates only. Actual payments may vary.

Location

4405 Prospect Street

Indianapolis, IN 46203

No Subdivision

Features & Amenities

Interior Features

Ceiling VaultedEat-in Kitchen

Property Details

Construction

Vinyl Siding

Outdoor Features

PorchPatio

Parking

On Street

Heating

Electric (Heating)ZonedWall Furnace

Cooling

Wall Unit(s)

Appliances

MicrowaveElectric OvenRefrigerator

Questions & Answers

This 4-bedroom, 1-bathroom single family at 4405 Prospect Street is listed at $189,900 ($198/sqft). The estimated monthly payment is $1,015 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1949, 0.26 acre lot. Interior Features: Ceiling Vaulted, Eat-in Kitchen.

This property is listed by Patricia McCormick.

PM

Patricia McCormick

Agent at Trueblood Real Estate

Listed by Trueblood Real Estate · Broker phone: (317) 679-6330 · View on Broker Site · Broker website

MLS# 22099054· Source: Broker Listing Cooperative®· 182 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4405 Prospect Street, Indianapolis, IN 46203

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