9887 Royce Dr, Indianapolis, IN, 46235
About This Home
Income producing 3 bedroom 2 bath condo currently tenant occupied and ready to go for an investor seeking immediate rental income. This unit offers a functional floor plan with a private patio and an attached garage. The unit was rehabbed prior to the current tenant moving in and has been maintained during tenancy. Located within an established condominium association. Ideal for investors focused on cash flow rather than location amenities. Property is priced accordingly and being sold as an income producing asset.dining, and major commuter routes. Ideal opportunity to add a low maintenance rental to your portfolio.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1973
Materials
- Foundation: Slab
- Construction materials: Wood Siding
Type & Style
- Home type: Condo
- Architectural style: A-Frame
- Property subType: Residential,Condominium
Interior
Appliances
- Appliances included: Electric Cooktop,Electric Oven
Bedroom2
- Level: Upper
- Area: 100
- Dimensions: 10x10
Bedroom3
- Level: Upper
- Area: 100
- Dimensions: 10x10
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Eat-in Kitchen
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,048
- Total interior livable area: 1,048 sqft
Kitchen
- Level: Main
- Area: 80
- Dimensions: 8x10
Living Room
- Level: Main
- Area: 120
- Dimensions: 12x10
Master Bedroom
- Level: Main
- Area: 120
- Dimensions: 12x10
Property
Accessibility
- Accessibility features: Accessible Full Bath
Details
- Parcel number: 490820115013000701
- Attached to another structure: Yes
- Special condition: As Is
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Entry location: Building Private Entry
Parking
- Total spaces: 1
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Earthquake
- Heat Wave
- Strong Wind
- Tornado
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 | $252 | $3,024 |
| Home Insurance * | $32 | $384 |
| Property Taxes | $37 | $444 |
| Electricity | $184 | $2,212 |
| Total | $505 | $6,060 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-14 | Price change | $50,000 |
| 2026-04-28 | Listed for sale | $79,000 |
| 2026-04-10 | Pending sale | $79,000 |
| 2026-04-09 | Price change | $79,000 |
| 2026-02-19 | Pending sale | $90,000 |
| 2026-02-19 | Listed for sale | $90,000 |
| 2026-02-19 | Pending sale | $90,000 |
| 2025-12-20 | Listed for sale | $90,000 |
| 2024-02-01 | Sold | $80,000 |
| 2024-01-19 | Pending sale | $85,000 |
| 2024-01-18 | Listed for sale | $85,000 |
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