4405 Prospect St, Indianapolis, IN, 46203
About This Home
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.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1949
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Electric Oven,Refrigerator
- Laundry features: Connections All,Main Level
Bedroom2
- Level: Main
- Area: 91.02
- Dimensions: 11.1x8.2
Bedroom3
- Level: Main
- Area: 138.99
- Dimensions: 12.3x11.3
Bedroom4
- Level: Main
- Area: 165.12
- Dimensions: 9.6x17.2
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Dining Room
- Level: Main
- Area: 92.66
- Dimensions: 8.2x11.3
Features
- Eat-in Kitchen
Heating & Cooling
- Heating features: Zoned,Electric,Wall Furnace
- Cooling features: Dual,Wall Unit(s)
Interior Area
- Total structure area: 960
- Total interior livable area: 960 sqft
Kitchen
- Level: Main
- Area: 48.44
- Dimensions: 4.0x12.11
Living Room
- Level: Main
- Area: 204.16
- Dimensions: 11.6x17.6
Master Bedroom
- Level: Main
- Area: 137.8
- Dimensions: 13x10.6
Property
Details
- Parcel number: 491016151012000101
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio,Porch
Lot
- Lot size: 0.26 Acres
- Features: Sidewalks
Parking
- Parking features: On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $960 | $11,520 |
| Home Insurance * | $140 | $1,680 |
| Property Taxes | $91 | $1,092 |
| Electricity | $184 | $2,212 |
| Total | $1,375 | $16,500 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Price change | $189,900 |
| 2026-05-01 | Listed for sale | $195,900 |
| 2026-04-29 | Listing removed | $199,900 |
| 2026-04-23 | Listed for sale | $199,900 |
| 2026-04-21 | Listing removed | $2,000 |
| 2026-04-09 | Listed for rent | $2,000 |
| 2026-04-09 | Listing removed | $2,000 |
| 2026-03-24 | Listed for rent | $2,000 |
For Sale by Agent
View on Zillow