3614 Lori Ln · Indianapolis city (balance), IN 46226

$154,900

3 bd · 1.5 ba · 1,208 sqft · SingleFamily public records · 41 Days on market

Built 1961 7,710 sqft lot $128/sqft · 14% below area Est $180k · 14% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +13.7/15.0
• Cash flow +10.1/30.0
• 1% rule +4.3/10.0
• Rent growth +4.2/5.0
• DSCR +2.9/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

MANY UPDATES 4 BEDROOMS AND 1.5 BATHS. ONE CAR ATTACHED GARAGE. ALL NEW INTERIOR PAINT AND CARPET

Key facts

• Manageable lot
• Spacious living area
• Ranch-style home

Tags

• RANCH-STYLE HOME
• SINGLE-LEVEL LAYOUT
• SPACIOUS LIVING AREA
• EAT-IN KITCHEN
• MANAGEABLE LOT
• OUTDOOR ENJOYMENT

Property features AI

Exterior

• Parking: Attached garage (1 car, approximately 360 sq ft)
• Security: Smoke detector(s)
• Utilities: Public water; Municipal sewer connected
• Home design: Single-family residence; One story; Slab foundation; Brick construction
• Construction: Brick exterior; Slab foundation
• Exterior features: Lot under 1/4 acre

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: Four bedrooms (all on main level)
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Eat-in kitchen; Living room; Dining room
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $139k (10.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (6.6% below list).
• Recommended offer: $139k (10.3% below list) — sets the bar for cash-flow.
• Cap rate 5.6% vs local median 4.4% in Indianapolis city (balance) — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Indianapolis Public Schools (urban): math 14% / reading 20% proficiency, ranked #286 of 301 in IN (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.8%/yr); 151 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
• This rent runs 34% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Marion County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $72k; list at $155k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.

Recommended offer $139,012 (10.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 5.60%
• Cash-on-cash: -2.49%
• DSCR: 0.89
• GRM: 8.9

CMA / ARV

• ARV (median comp): $179,762
• List price: $154,900
• Delta: -13.83%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7617 E 35th St	0.17mi	3/1.5	1,216 (+1%)	8mo	$100,000	$82	85
7533 Placing Rd	0.12mi	3/1.0	1,216 (+1%)	8mo	$115,000	$95	85
7628 E 34th Pl	0.20mi	4/1.5 (+1)	1,216 (+1%)	2mo	$177,959	$146	83
7525 Ruskin Pl	0.17mi	3/1.5	1,246 (+3%)	5mo	$155,000	$124	83
7528 Placing Rd	0.11mi	3/1.5	1,248 (+3%)	10mo	$153,000	$123	82
7933 E 34th St	0.42mi	3/1.5	1,216 (+1%)	3mo	$189,900	$156	77
7233 E 34th Pl	0.44mi	3/1.0	1,181 (-2%)	0mo	$148,000	$125	74
3716 Alsace Dr	0.70mi	3/1.5	1,181 (-2%)	9mo	$198,000	$168	56
8315 E 36th Pl	0.65mi	3/2.0	1,181 (-2%)	10mo	$207,000	$175	56
7250 E 34th Pl	0.42mi	4/1.0 (+1)	1,305 (+8%)	5mo	$170,000	$130	56
3733 Harvest Ave	0.64mi	3/1.0	1,055 (-13%)	7mo	$119,500	$113	41
3525 Lombardy Pl	0.68mi	4/2.0 (+1)	1,047 (-13%)	7mo	$180,000	$172	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.76% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.42×
• Total profit: $-25,028
• Equity at exit: $23,096

10-year hold

• IRR: -1.0%
• Equity multiple: 0.92×
• Total profit: $-3,493
• Equity at exit: $13,393

Cash invested: $43,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46226

• Rents YoY: 6.8%
• Active inventory: 151
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,447 high
• Mortgage (P&I): −$812
• Tax from tax record: −$356 /mo · $4,271/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $-90

Break-even live

Break-even rent $1,560

Max offer price $139,012

Occupancy floor —

Sensitivity live

Price	-10% $-2	-5% $-46	+0% $-90	+5% $-134	+10% $-178
Rent	-10% $-204	-5% $-147	+0% $-90	+5% $-33	+10% $24
Rate	-1.0pp $-12	-0.5pp $-51	base $-90	+0.5pp $-130	+1.0pp $-171

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7531 Penway St Indianapolis, IN	3.0	1.5	1237	$1,551	$1.25	8d	1	0.09mi
3513 Roseway Dr Indianapolis, IN	3.0	2.0	1216	$1,600	$1.32	18d	1	0.38mi
7975 Red Mill Dr Indianapolis, IN	2.0	1.0	576	$975	$1.69	44d	1	0.38mi
7937 E 34th St Indianapolis, IN	4.0	1.0	1450	$2,000	$1.38	24d	1	0.45mi
3775 Allerton Pl Indianapolis, IN	1.0–4.0	2.0	1068	$1,617	$1.51	14d	1	0.47mi
7925 Crossbridge Dr Indianapolis, IN	2.0	2.0	1072	$1,200	$1.12	44d	1	0.47mi
7171 Twin Oaks Dr Indianapolis, IN	3.0	1.0–1.5	801	$1,399	$1.75	24d	9	0.49mi
7838 Ridgewood Dr Indianapolis, IN	3.0	2.0	936	$1,540	$1.65	44d	1	0.51mi
7838 Ridgewood Dr Indianapolis, IN	3.0	2.0	936	$1,540	$1.65	24d	1	0.51mi
3226 Wellington Ave Indianapolis, IN	3.0	1.0	900	$1,149	$1.28	11d	1	0.55mi
8203 Penway St Indianapolis, IN	3.0	1.5	1360	$1,500	$1.10	24d	1	0.57mi
3900 N Shadeland Ave Indianapolis, IN	1.0–2.0	1.0	1070	$1,075	$1.00	3d	6	0.82mi
8254 Meadowlark Dr Indianapolis, IN	3.0	1.5	1320	$1,150	$0.87	22d	1	1.08mi
8254 Meadowlark Dr Unit 1 Indianapolis, IN	3.0	1.5	1320	$1,150	$0.87	44d	1	1.08mi
3809 Biscayne Rd Indianapolis, IN	2.0	1.5	992	$1,020	$1.03	15d	1	1.12mi
3540 Dubarry Ct Indianapolis, IN	3.0	2.0	1297	$1,400	$1.08	24d	1	1.12mi
3815 Biscayne Rd Indianapolis, IN	3.0	1.5	1188	$1,220	$1.03	15d	1	1.12mi
3821 Biscayne Rd Indianapolis, IN	4.0	1.5	1188	$1,325	$1.12	15d	1	1.12mi
3823 Biscayne Rd Indianapolis, IN	4.0	1.5	1188	$1,320	$1.11	15d	1	1.13mi
3829 Biscayne Rd Indianapolis, IN	4.0	1.5	1188	$1,320	$1.11	15d	1	1.13mi
3631 Decamp Dr Indianapolis, IN	3.0	1.0	1000	$1,335	$1.33	24d	1	1.15mi
8501 Athens Ct Indianapolis, IN	4.0	1.0	1225	$1,475	$1.20	15d	1	1.15mi
3938 Biscayne Rd Indianapolis, IN	3.0	1.0	1000	$1,895	$1.90	3d	1	1.16mi
4315 Aspen Way Indianapolis, IN	3.0	1.0	1080	$1,380	$1.28	44d	1	1.17mi
8724 Montery Rd Indianapolis, IN	3.0	1.0	925	$1,500	$1.62	44d	1	1.17mi
8738 Montery Rd Indianapolis, IN	3.0	1.0	1421	$1,396	$0.98	8d	1	1.19mi
4307 N Edmondson Ave Indianapolis, IN	3.0	1.0	900	$1,299	$1.44	2d	1	1.24mi
8862 Bel Air Ct Indianapolis, IN	3.0	1.0	1073	$1,264	$1.18	18d	1	1.24mi
7845 Bonita Ct Indianapolis, IN	3.0	1.0	1073	$1,400	$1.30	8d	1	1.29mi
7910 Roy Rd Indianapolis, IN	3.0	1.0	1073	$1,445	$1.35	24d	1	1.32mi
8914 Elmonte Dr Indianapolis, IN	3.0	1.5	1500	$1,600	$1.07	24d	1	1.33mi
9060 E 39th Pl Indianapolis, IN	1.0–2.0	1.0–1.5	820	$1,040	$1.27	24d	1	1.48mi

Listing history 29 events

1. 2026-06-18
   days on market $154,900 Active 41 DOM
2. 2026-06-17
   days on market $154,900 Active 40 DOM
3. 2026-06-16
   days on market $154,900 Active 39 DOM
4. 2026-06-15
   days on market $154,900 Active 38 DOM
5. 2026-06-13
   days on market $154,900 Active 36 DOM
6. 2026-06-13
   days on market $154,900 Active 35 DOM
7. 2026-06-09
   days on market $154,900 Active 32 DOM
8. 2026-06-08
   days on market $154,900 Active 31 DOM
9. 2026-06-07
   days on market $154,900 Active 30 DOM
10. 2026-06-03
    days on market $154,900 Active 26 DOM
11. 2026-06-02
    days on market $154,900 Active 25 DOM
12. 2026-06-01
    days on market $154,900 Active 24 DOM
13. 2026-05-31
    days on market $154,900 Active 23 DOM
14. 2026-05-08
    listed $154,900 Active 748-char remark
15. 2018-03-20
    soldstatus $72,500
16. 2018-03-13
    soldstatus $72,500 Sold 97-char remark

    Show marketing remark (97 chars)

    MANY UPDATES 4 BEDROOMS AND 1.5 BATHS. ONE CAR ATTACHED GARAGE. ALL NEW INTERIOR PAINT AND CARPET

17. 2018-02-16
    status Pending 97-char remark

    Show marketing remark (97 chars)

    MANY UPDATES 4 BEDROOMS AND 1.5 BATHS. ONE CAR ATTACHED GARAGE. ALL NEW INTERIOR PAINT AND CARPET

18. 2018-01-23
    price $79,000 97-char remark

    Show marketing remark (97 chars)

    MANY UPDATES 4 BEDROOMS AND 1.5 BATHS. ONE CAR ATTACHED GARAGE. ALL NEW INTERIOR PAINT AND CARPET

19. 2017-12-22
    listed $85,000 Active 97-char remark

    Show marketing remark (97 chars)

    MANY UPDATES 4 BEDROOMS AND 1.5 BATHS. ONE CAR ATTACHED GARAGE. ALL NEW INTERIOR PAINT AND CARPET

20. 2011-03-27
    historical
21. 2010-07-26
    listed $55,900
22. 2006-02-15
    soldstatus $48,300
23. 2005-12-23
    listed $48,000
24. 2003-07-04
    historical
25. 2003-01-04
    listed $62,900
26. 2002-12-31
    historical
27. 2002-12-11
    listed $69,900
28. 2002-11-08
    historical
29. 2002-04-15
    listed $73,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $4,271 · $356/mo
• Projected year-2 tax: $4,271 · $356/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,359
• − Mortgage interest: −$8,677
• − Property taxes: −$4,271
• − Insurance: −$774
• − Repairs & maintenance: −$1,389
• − Management: −$1,389
• − Depreciation: −$4,506
• Taxable loss: −$3,647
• Est. tax savings @ 24.0%: +$875
• After-tax cash flow: $-204/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Indianapolis Public Schools
• NCES district ID: 1804770
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 20% ▼ -3.00%
• Median HH income: $32,034
• Composite: 13.69/100
• National rank: #9499
• State rank: #286 of 301 in IN

Livability — Indianapolis city (balance)

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Indianapolis city (balance), IN
• County: Marion County · 998,460 people
• City population: 881,119
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 47,099
• Household income: $50,325
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 2742.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 1,025,572 people
• By 2030: 1,065,727 · +3.9%
• By 2040: 1,141,577 · +11.3%
• By 2050: 1,208,920 · +17.9%
• By 2075: 1,367,288 · +33.3%
• By 2100: 1,438,201 · +40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 53% White 25% Hispanic / Latino 17% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 1% Italian 1% Romanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 86% English-only · Spanish 10% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Marion

• 2024 margin: Strong D (+27.7) · D 63.0% · R 35.3% · Other 1.7%
• 2008→2024 swing: -0.7pp no change · 2008: 28.4pp · 2024: 27.7pp
• All cycles: 2024: D+27.7 2020: D+29.1 2016: D+22.8 2012: D+22.2 2008: D+28.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -218.85%
• Current HPI: 239.43
• Rent YoY: ▲ 6.76%
• Metro: Indianapolis-Carmel-Anderson, IN
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+110.7% since first listed

16 events — show timeline

• 2026-05-08 Listed $154,900 MIBOR as Distributed by MLS Grid
• 2018-03-20 Sold (Public Records) $72,500 Public Records
• 2018-03-13 Sold (MLS) $72,500 MIBOR as Distributed by MLS Grid
• 2018-02-16 Pending — MIBOR as Distributed by MLS Grid
• 2018-01-23 Price Changed $79,000 MIBOR as Distributed by MLS Grid
• 2017-12-22 Listed $85,000 MIBOR as Distributed by MLS Grid
• 2011-03-27 Listing Removed — MIBOR as Distributed by MLS Grid
• 2010-07-26 Listed $55,900 MIBOR as Distributed by MLS Grid
• 2006-02-15 Sold (MLS) $48,300 MIBOR as Distributed by MLS Grid
• 2005-12-23 Listed $48,000 MIBOR as Distributed by MLS Grid
• 2003-07-04 Listing Removed — MIBOR as Distributed by MLS Grid
• 2003-01-04 Listed $62,900 MIBOR as Distributed by MLS Grid
• 2002-12-31 Listing Removed — MIBOR as Distributed by MLS Grid
• 2002-12-11 Listed $69,900 MIBOR as Distributed by MLS Grid
• 2002-11-08 Listing Removed — MIBOR as Distributed by MLS Grid
• 2002-04-15 Listed $73,500 MIBOR as Distributed by MLS Grid

Property tax history

+17.0%/yr

Latest (2025): $4,271 · +16.5% YoY. Source: county tax records.