501 N Dequincy St · Indianapolis city (balance), IN
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $717 – $1,331
Heat risk 3/10 · Minor
- Hot days now (above 102°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 5 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C- 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).
- Cash flow +17.2/30.0
- ARV discount +15.0/15.0
- DSCR +5.4/10.0
- 1% rule +5.2/10.0
- Rent growth +4.3/5.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- Appreciation +0.0/10.0
$149,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
Key facts
- Public library
- Desirable location
- Local coffee shops
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath single-family listed at $150k.
Deal economics
- At list price, monthly cash flow is $107 ($1k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $150k).
- Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
- Cap rate 7.1% vs local median 4.4% in Indianapolis city (balance) — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads: area grade C — 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 (+7.3%/yr); 480 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
- This rent runs 37% of the median local income ($49k/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 $4k 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.
- At projected returns (-3.0% appreciation + 7.3% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.
Negotiation context
- It's been on market 122 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
- 16 sale attempts since 10y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $77k; list at $150k implies a 95% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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.
- 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.
- 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
- 1.02% ✓
- Cap rate
- 7.15%
- Cash-on-cash
- 3.05%
- DSCR
- 1.14
- GRM
- 8.2
CMA / ARV
- ARV (median comp)
- $212,153
- List price
- $149,900
- Delta
- -29.34%
- 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 |
|---|---|---|---|---|---|---|---|
| 404 N Grant Ave | 0.57mi | 4/2.0 | 1,644 (+1%) | 3mo | $90,000 | $55 | 69 |
| 320 N Colorado Ave | 0.46mi | 4/2.0 | 1,586 (-2%) | 11mo | $95,000 | $60 | 66 |
| 5201 E North St | 0.33mi | 3/1.5 (-1) | 1,690 (+4%) | 9mo | $210,000 | $124 | 63 |
| 718 N Denny St | 0.71mi | 3/2.0 (-1) | 1,671 (+3%) | 0mo | $176,000 | $105 | 57 |
| 101 N Denny St | 0.71mi | 3/2.5 (-1) | 1,584 (-2%) | 1mo | $240,000 | $152 | 55 |
| 741 N Denny St | 0.69mi | 3/2.0 (-1) | 1,558 (-4%) | 1mo | $169,900 | $109 | 55 |
| 115 S Bancroft St | 0.47mi | 3/2.5 (-1) | 1,793 (+10%) | 3mo | $189,000 | $105 | 51 |
| 625 N Grant Ave | 0.54mi | 3/1.0 (-1) | 1,520 (-6%) | 5mo | $128,400 | $84 | 51 |
| 145 S Hawthorne Ln | 0.68mi | 3/2.0 (-1) | 1,716 (+6%) | 3mo | $295,000 | $172 | 51 |
| 25 N Colorado Ave | 0.51mi | 3/1.5 (-1) | 1,778 (+10%) | 4mo | $105,000 | $59 | 50 |
| 1130 N Butler Ave | 0.67mi | 3/1.5 (-1) | 1,824 (+12%) | 8mo | $197,550 | $108 | 35 |
| 1116 N Linwood Ave | 0.63mi | 3/1.0 (-1) | 1,794 (+10%) | 13mo | $179,000 | $100 | 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 · 7.31% rent growth · sell at horizon
- IRR
- -6.5%
- Equity multiple
- 0.75×
- Total profit
- $-10,511
- Equity at exit
- $22,351
- IRR
- 8.0%
- Equity multiple
- 1.74×
- Total profit
- $30,931
- Equity at exit
- $12,961
Cash invested: $41,972 (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
ZIP-level market 46201
- Home prices YoY
- -33.9%
- Rents YoY
- 7.3%
- Active inventory
- 480
- Price-to-rent
- 8.2×
Monthly cashflow live
- Estimated rent
- $1,532 high interval (Pro) →
- Mortgage (P&I)
- −$786
- Tax from tax record
- −$255 /mo · $3,059/yr
- Insurance
- −$62
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$322
- Net cashflow
- $107
Break-even live
Sensitivity live
| Price | -10% $191 | -5% $149 | +0% $107 | +5% $64 | +10% $22 |
|---|---|---|---|---|---|
| Rent | -10% $-14 | -5% $46 | +0% $107 | +5% $167 | +10% $228 |
| Rate | -1.0pp $182 | -0.5pp $145 | base $107 | +0.5pp $68 | +1.0pp $28 |
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
- $37,475
- Closing costs
- $4,497
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 415 N Dequincy St Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,900 | $1.52 | 15d | 1 | 0.08mi |
| 306 N Riley Ave Indianapolis, IN | 3.0 | 1.0 | 1320 | $1,095 | $0.83 | 18d | 1 | 0.17mi |
| 508 Emerson Ave Indianapolis, IN | 3.0 | 1.5 | 1094 | $1,150 | $1.05 | 14d | 1 | 0.19mi |
| 117 N Riley Ave Indianapolis, IN | 3.0 | 3.0 | 1664 | $1,600 | $0.96 | 20d | 1 | 0.24mi |
| 25 N Drexel Ave Unit A Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,325 | $1.06 | 44d | 1 | 0.38mi |
| 642 N Colorado Ave Indianapolis, IN | 3.0 | 2.0 | 1572 | $1,450 | $0.92 | 44d | 1 | 0.45mi |
| 801 N Gladstone Ave Indianapolis, IN | 3.0 | 1.5 | 1776 | $1,225 | $0.69 | 44d | 1 | 0.51mi |
| 21 N Colorado Ave Indianapolis, IN | 3.0 | 1.5 | 1520 | $2,000 | $1.32 | 44d | 1 | 0.52mi |
| 119 N Grant Ave Indianapolis, IN | 3.0 | 1.0 | 1408 | $1,195 | $0.85 | 44d | 1 | 0.60mi |
| 442 N Denny St Indianapolis, IN | 3.0 | 1.0 | 1140 | $1,045 | $0.92 | 24d | 1 | 0.70mi |
| 314 N Denny St Indianapolis, IN | 3.0 | 1.0 | 1184 | $975 | $0.82 | 24d | 1 | 0.71mi |
| 603 N Sherman Dr Indianapolis, IN | 3.0 | 1.0 | 1250 | $1,300 | $1.04 | 44d | 1 | 0.79mi |
| 822 N Bradley Ave Unit 822 Indianapolis, IN | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 44d | 1 | 0.80mi |
| 447 N Sherman Dr Indianapolis, IN | 3.0 | 1.5 | 1312 | $1,195 | $0.91 | 44d | 1 | 0.80mi |
| 33 N Sherman Dr Unit 33 Indianapolis, IN | 3.0 | 1.5 | 1288 | $1,500 | $1.16 | 8d | 1 | 0.86mi |
| 5010 Brookville Rd Indianapolis, IN | 3.0 | 2.0 | 1656 | $1,350 | $0.82 | 8d | 1 | 0.87mi |
| 4930 Elliott Ave Indianapolis, IN | 4.0 | 1.0 | 1219 | $1,500 | $1.23 | 44d | 1 | 0.91mi |
| 3712 E Market St Indianapolis, IN | 3.0 | 1.0 | 1800 | $1,450 | $0.81 | 15d | 1 | 0.91mi |
| 1424 N Denny St Indianapolis, IN | 3.0 | 1.0 | 1206 | $1,295 | $1.07 | 44d | 1 | 1.07mi |
| 1015 N Gale St Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,550 | $1.29 | 15d | 1 | 1.10mi |
| 4732 E 18th St Unit A Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,700 | $1.42 | 44d | 1 | 1.12mi |
| 4318 Spann Ave Indianapolis, IN | 3.0 | 1.0 | 1411 | $1,200 | $0.85 | 44d | 1 | 1.13mi |
| 953 N Tuxedo St Indianapolis, IN | 3.0 | 1.0 | 1200 | $950 | $0.79 | 24d | 1 | 1.19mi |
| 909 N Lasalle St Indianapolis, IN | 3.0 | 2.0 | 1717 | $1,600 | $0.93 | 45d | 1 | 1.24mi |
| 1018 N Tuxedo St Unit 1016 Indianapolis, IN | 3.0 | 1.5 | 1250 | $1,099 | $0.88 | 44d | 1 | 1.25mi |
| 840 N Lasalle St Indianapolis, IN | 3.0 | 1.0 | 1215 | $1,100 | $0.91 | 24d | 1 | 1.25mi |
| 1521 N Kealing Ave Indianapolis, IN | 3.0 | 1.0 | 1250 | $1,250 | $1.00 | 18d | 1 | 1.26mi |
| 1531 N Kealing Ave Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,500 | $1.20 | 24d | 1 | 1.26mi |
| 1531 N Kealing Ave Unit A Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,397 | $1.12 | 24d | 1 | 1.26mi |
| 739 Temperance Ave Indianapolis, IN | 3.0 | 1.0 | 1136 | $1,350 | $1.19 | 44d | 1 | 1.27mi |
| 430 N Dearborn St Indianapolis, IN | 3.0 | 1.0 | 1128 | $1,300 | $1.15 | 44d | 1 | 1.28mi |
| 408 N Dearborn St Indianapolis, IN | 3.0 | 2.5 | 1740 | $1,750 | $1.01 | 44d | 1 | 1.28mi |
| 49 S Lasalle St Unit 1540092P Indianapolis, IN | 3.0 | 2.0 | 1991 | $3,053 | $1.53 | 3d | 1 | 1.29mi |
| 933 N Dearborn St Indianapolis, IN | 3.0 | 1.5 | 1204 | $1,500 | $1.25 | 44d | 1 | 1.31mi |
| 637 N Gray St Indianapolis, IN | 3.0 | 1.5 | 1120 | $1,150 | $1.03 | 45d | 1 | 1.32mi |
| 639 N Gray St Indianapolis, IN | 3.0 | 1.5 | 1120 | $1,220 | $1.09 | 44d | 1 | 1.32mi |
| 253 N Gray St Indianapolis, IN | 3.0 | 1.5 | 1176 | $1,660 | $1.41 | 8d | 1 | 1.33mi |
| 28 S Dearborn St Unit A Indianapolis, IN | 3.0 | 1.0 | 1100 | $1,400 | $1.27 | 11d | 1 | 1.36mi |
| 1414 Priscilla Ave Indianapolis, IN | 3.0 | 1.5 | 2116 | $2,000 | $0.95 | 12d | 1 | 1.38mi |
| 1414 Priscilla Ave Indianapolis, IN | 3.0 | 2.0 | 2116 | $2,000 | $0.95 | 24d | 1 | 1.38mi |
Listing history 50 events
-
2026-05-15status Pending 889-char remark
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-04-30price $149,900 889-char remark
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-04-14price $152,900 889-char remark
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-03-10price $169,900 889-char remark
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-02-14price $174,500 889-char remark
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-01-12$174,900 Active 889-char remark
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-01-12historical
Show marketing remark (889 chars)
Nestled on a quiet street just west of Irvington, this 4-bedroom, 2-bath brick home offers 1,624 square feet of classic charm and functional living space. Located in the Emerson Heights Historic District, it combines timeless architecture with a convenient, walkable neighborhood just minutes from local coffee shops, parks, schools, and the public library. Inside, you'll find a welcoming living room anchored by a cozy fireplace-perfect for relaxing or hosting guests. Two full bathrooms provide everyday convenience for busy households. Whether you're an investor seeking a strong rental opportunity or a homeowner ready to put down roots, this property offers exceptional versatility and value. With its historic charm, generous interior space, and desirable location, it's the perfect opportunity to live in or lease out in one of the city's most cherished and connected communities.
-
2026-01-09status Active
-
2026-01-08historical
-
2026-01-05status Active
-
2026-01-02historical
-
2025-12-16price $179,900
-
2025-12-02status Active
-
2025-12-01historical
-
2025-11-13price $189,900
-
2025-10-14price $199,900
-
2025-09-11price $214,900
-
2025-07-31$224,900 Active
-
2024-08-10historical
-
2024-07-01price $220,000
-
2024-06-06price $225,000
-
2024-04-17status Active
-
2024-04-17price $245,000
-
2024-04-16historical
-
2024-04-02price $259,999
-
2024-03-05status Active
-
2024-03-04historical
-
2024-02-21$260,000
-
2022-07-28soldstatus $77,000 Closed
-
2022-05-27status Pending
-
2022-05-26status Active
-
2022-02-19status Pending
-
2021-12-03status Active
-
2021-12-03price $79,900
-
2021-11-06status Pending
-
2021-09-05price $84,900
-
2021-08-13price $89,000
-
2021-07-29price $91,000
-
2021-07-28price $89,900
-
2021-06-17price $99,900
-
2021-06-17status Active
-
2021-06-08historical
-
2021-05-12status Pending
-
2021-05-08$94,900 Active
-
2017-10-20soldstatus $17,000 Sold
-
2017-09-14status Pending
-
2017-09-06price $19,900
-
2017-07-14status Active
-
2017-06-22status Pending
-
2017-06-14price $23,900
ⓘ 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
- $3,059 · $255/mo
- Projected year-2 tax
- $3,059 · $255/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 ≥102°F today · 18 d/yr by 30 yrs out
- Wind 2/10 Low 100% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $18,380
- − Mortgage interest
- −$8,397
- − Property taxes
- −$3,059
- − Insurance
- −$750
- − Repairs & maintenance
- −$1,470
- − Management
- −$1,470
- − Depreciation
- −$4,361
- Taxable loss
- −$1,127
- Est. tax savings @ 24.0%
- +$271
- After-tax cash flow
- $1,549/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)
- 30,335
- Household income
- $49,195
- Rent vs Own
- Severe rent burden
- 1906.0
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 0.63)
- Race & ethnicity
- White 53% Hispanic / Latino 23% Black 18% Two or more races 9%
- Hispanic origin (detail)
- Mexican 14% Puerto Rican 2%
- Common ancestry
- Slovak 2% Lithuanian 2% Italian 1%
- Foreign-born
- 9% · Canada
- Languages at home
- 81% English-only · Spanish 17%
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
- ▼ -192.51%
- Current HPI
- 375.0969
- Rent YoY
- ▲ 7.31%
- 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 |
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| Healthcare | 1 | $177B |
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| Pharmaceuticals | 1 | $45B |
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| Metals / Steel | 1 | $18B |
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| Agriculture | 1 | $17B |
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| Packaging | 1 | $12B |
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Price history
+554.6% since first listed62 events — show timeline
- 2026-05-15 Pending — MIBOR as Distributed by MLS Grid
- 2026-04-30 Price Changed $149,900 MIBOR as Distributed by MLS Grid
- 2026-04-14 Price Changed $152,900 MIBOR as Distributed by MLS Grid
- 2026-03-10 Price Changed $169,900 MIBOR as Distributed by MLS Grid
- 2026-02-14 Price Changed $174,500 MIBOR as Distributed by MLS Grid
- 2026-01-12 Listing Removed — MIBOR as Distributed by MLS Grid
- 2026-01-12 Listed $174,900 MIBOR as Distributed by MLS Grid
- 2026-01-09 Relisted — MIBOR as Distributed by MLS Grid
- 2026-01-08 Listing Removed — MIBOR as Distributed by MLS Grid
- 2026-01-05 Relisted — MIBOR as Distributed by MLS Grid
- 2026-01-02 Listing Removed — MIBOR as Distributed by MLS Grid
- 2025-12-16 Price Changed $179,900 MIBOR as Distributed by MLS Grid
- 2025-12-02 Relisted — MIBOR as Distributed by MLS Grid
- 2025-12-01 Listing Removed — MIBOR as Distributed by MLS Grid
- 2025-11-13 Price Changed $189,900 MIBOR as Distributed by MLS Grid
- 2025-10-14 Price Changed $199,900 MIBOR as Distributed by MLS Grid
- 2025-09-11 Price Changed $214,900 MIBOR as Distributed by MLS Grid
- 2025-07-31 Listed $224,900 MIBOR as Distributed by MLS Grid
- 2024-08-10 Listing Removed — MIBOR as Distributed by MLS Grid
- 2024-07-01 Price Changed $220,000 MIBOR as Distributed by MLS Grid
- 2024-06-06 Price Changed $225,000 MIBOR as Distributed by MLS Grid
- 2024-04-17 Relisted — MIBOR as Distributed by MLS Grid
- 2024-04-17 Price Changed $245,000 MIBOR as Distributed by MLS Grid
- 2024-04-16 Listing Removed — MIBOR as Distributed by MLS Grid
- 2024-04-02 Price Changed $259,999 MIBOR as Distributed by MLS Grid
- 2024-03-05 Relisted — MIBOR as Distributed by MLS Grid
- 2024-03-04 Listing Removed — MIBOR as Distributed by MLS Grid
- 2024-02-21 Listed $260,000 MIBOR as Distributed by MLS Grid
- 2022-07-28 Sold (MLS) $77,000 MIBOR as Distributed by MLS Grid
- 2022-05-27 Pending — MIBOR as Distributed by MLS Grid
- 2022-05-26 Relisted — MIBOR as Distributed by MLS Grid
- 2022-02-19 Pending — MIBOR as Distributed by MLS Grid
- 2021-12-03 Relisted — MIBOR as Distributed by MLS Grid
- 2021-12-03 Price Changed $79,900 MIBOR as Distributed by MLS Grid
- 2021-11-06 Pending — MIBOR as Distributed by MLS Grid
- 2021-09-05 Price Changed $84,900 MIBOR as Distributed by MLS Grid
- 2021-08-13 Price Changed $89,000 MIBOR as Distributed by MLS Grid
- 2021-07-29 Price Changed $91,000 MIBOR as Distributed by MLS Grid
- 2021-07-28 Price Changed $89,900 MIBOR as Distributed by MLS Grid
- 2021-06-17 Price Changed $99,900 MIBOR as Distributed by MLS Grid
- 2021-06-17 Relisted — MIBOR as Distributed by MLS Grid
- 2021-06-08 Listing Removed — MIBOR as Distributed by MLS Grid
- 2021-05-12 Pending — MIBOR as Distributed by MLS Grid
- 2021-05-08 Listed $94,900 MIBOR as Distributed by MLS Grid
- 2017-10-20 Sold (MLS) $17,000 MIBOR as Distributed by MLS Grid
- 2017-09-14 Pending — MIBOR as Distributed by MLS Grid
- 2017-09-06 Price Changed $19,900 MIBOR as Distributed by MLS Grid
- 2017-07-14 Relisted — MIBOR as Distributed by MLS Grid
- 2017-06-22 Pending — MIBOR as Distributed by MLS Grid
- 2017-06-14 Price Changed $23,900 MIBOR as Distributed by MLS Grid
- 2017-06-05 Price Changed $24,500 MIBOR as Distributed by MLS Grid
- 2017-05-02 Listed $24,900 MIBOR as Distributed by MLS Grid
- 2017-03-01 Sold (MLS) $17,200 MIBOR as Distributed by MLS Grid
- 2017-01-13 Pending — MIBOR as Distributed by MLS Grid
- 2017-01-09 Contingent — MIBOR as Distributed by MLS Grid
- 2017-01-09 Relisted — MIBOR as Distributed by MLS Grid
- 2017-01-06 Listing Removed — MIBOR as Distributed by MLS Grid
- 2016-12-31 Contingent — MIBOR as Distributed by MLS Grid
- 2016-12-22 Price Changed $16,250 MIBOR as Distributed by MLS Grid
- 2016-11-25 Price Changed $17,500 MIBOR as Distributed by MLS Grid
- 2016-10-19 Price Changed $19,900 MIBOR as Distributed by MLS Grid
- 2016-09-19 Listed $22,900 MIBOR as Distributed by MLS Grid
Property tax history
+12.9%/yrLatest (2025): $3,059 · +8.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…