Sequoia Plan · Indianapolis city (balance), IN 46239

$287,990

4 bd · 2.5 ba · 1,749 sqft · SingleFamily · 215 Days on market

Good condition

---

Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +5.3/30.0
• Schools +4.5/10.0
• Rent growth +4.0/5.0
• Condition / age +4.0/5.0
• Livability +2.5/5.0
• 1% rule +0.9/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to the Sequoia at Palermo Gardens, the lowest-priced new single-family homes in Franklin Township. Step inside and discover a thoughtfully designed two-story floor plan with efficient living and a bright flex space. The welcoming great room effortlessly flows into the kitchen and dining area, so you never miss a moment. Add an optional rear covered patio for those warm summer nights and use the convenient garage entry to control clutter. On the second floor, four well-proportioned bedrooms await, including a versatile flex space at the top of the stairs perfect for reading or homework.

Key facts

• Flex space
• Rear covered patio
• Great room

Tags

• TWO-STORY FLOOR PLAN
• FLEX SPACE
• GREAT ROOM
• REAR COVERED PATIO
• CONVENIENT GARAGE ENTRY
• PRIVATE OWNER'S SUITE

🏗️ New construction. The $287,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $368,371.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $288k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-824 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (13.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (24.3% below list).
• Recommended offer: $218k (24.3% below list) — sets the bar for 1% rule.
• Cap rate 3.6% vs local median 4.5% in Indianapolis city (balance) — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• Franklin Township Community School Corporation (urban): math 42% / reading 47% proficiency, ranked #87 of 301 in IN (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Franklin Central Junior High (math 31% / reading 40%, grade F, #162 of 330 statewide, top 49%, 1,711 students, 51% FRL); Franklin Central High School (math 41% / reading 69%, grade C, #77 of 369 statewide, top 21%, 3,319 students, 46% FRL) — zoned schools average 48% FRL vs 29% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.1%/yr); 573 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 108d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 215 days — a 12% lower offer ($253k) is reasonable based on typical stale-listing flexibility.

Recommended offer $217,964 (24.3% 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 215 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.59% ✗
• Cap rate: 3.61%
• Cash-on-cash: -9.58%
• DSCR: 0.57
• GRM: 14.1

CMA / ARV

• ARV (median comp): $368,371
• List price: $287,990
• Delta: -21.82%
• 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
4146 Palermo Garden Dr	0.13mi	3/2.0 (-1)	1,790 (+2%)	5mo	$294,990	$165	79
4552 Blacktail Dr	0.41mi	3/2.0 (-1)	1,728 (-1%)	6mo	$308,000	$178	67
4233 Evening Sky Ct	0.46mi	3/2.5 (-1)	1,847 (+6%)	2mo	$310,000	$168	63
4526 Wild Turkey Dr	0.44mi	4/2.5	1,880 (+8%)	7mo	$310,000	$165	61
10502 Mallard Glen Ct	0.49mi	3/2.0 (-1)	1,633 (-7%)	3mo	$292,500	$179	56
3640 Davis Rd	0.54mi	3/2.0 (-1)	1,632 (-7%)	0mo	$275,000	$169	56
10413 Pintail Ln	0.33mi	3/2.0 (-1)	1,946 (+11%)	3mo	$308,000	$158	56
10522 Hunters Crossing Blvd	0.49mi	3/2.0 (-1)	1,600 (-8%)	5mo	$268,000	$168	52
10702 Pentecost Rd	0.63mi	3/2.0 (-1)	1,949 (+11%)	0mo	$290,000	$149	44
10332 Vandergriff Rd	0.69mi	3/2.5 (-1)	1,926 (+10%)	2mo	$349,000	$181	44
10529 Pintail Ln	0.50mi	3/2.5 (-1)	2,004 (+15%)	7mo	$319,500	$159	41
4414 Wild Pheasant Ln	0.65mi	3/2.5 (-1)	2,007 (+15%)	6mo	$305,000	$152	35

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 · 6.11% rent growth · sell at horizon

5-year hold

• IRR: -30.1%
• Equity multiple: -0.02×
• Total profit: $-105,095
• Equity at exit: $54,925

10-year hold

• IRR: -21.3%
• Equity multiple: -0.24×
• Total profit: $-128,180
• Equity at exit: $31,850

Cash invested: $103,144 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 10 active · 13 under contract
• Months of supply: 5.5 mo (18%/mo absorbed)
• Median asking: $297,445 ($169/sqft)
• Median days on market: 131 d
• This list price: 30% of active listings are priced below it
• ARV vs active asking: +24.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 46239

• Home prices YoY: -29.2%
• Rents YoY: 6.1%
• Active inventory: 573
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,180 high
• Mortgage (P&I): −$1,932
• Tax est. 1.5%: −$460 /mo · $5,526/yr
• Insurance: −$153
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $-824

Break-even live

Break-even rent $3,222

Max offer price $249,164

Occupancy floor —

Sensitivity live

Price	-10% $-569	-5% $-697	+0% $-824	+5% $-951	+10% $-1,078
Rent	-10% $-996	-5% $-910	+0% $-824	+5% $-738	+10% $-652
Rate	-1.0pp $-638	-0.5pp $-730	base $-824	+0.5pp $-919	+1.0pp $-1,016

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: $92,093
• Closing costs: $11,051
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4146 Palermo Garden Dr Indianapolis, IN	3.0	2.0	1790	$1,940	$1.08	85d	1	0.13mi
4146 Palermo Garden Dr Indianapolis, IN	3.0	2.0	1790	$2,100	$1.17	129d	1	0.13mi
10317 Pintail Ln Indianapolis, IN	4.0	2.5	2085	$2,095	$1.00	0d	1	0.26mi
10303 Deercrest Ln Indianapolis, IN	4.0	2.5	2085	$2,095	$1.00	0d	1	0.26mi
4526 Wild Turkey Dr Indianapolis, IN	4.0	2.5	1880	$1,950	$1.04	148d	1	0.43mi
10606 Deercrest Ln Indianapolis, IN	3.0	2.0	1500	$1,695	$1.13	101d	1	0.56mi
4151 Senour Rd Indianapolis, IN	3.0	1.5	1738	$1,245	$0.72	10d	1	0.71mi
4127 S Post Rd Indianapolis, IN	3.0	2.0	1460	$1,585	$1.09	164d	1	1.05mi
9237 Kavanaugh Dr Indianapolis, IN	3.0	2.0	1503	$2,200	$1.46	158d	1	1.19mi
9203 Hemingway Dr Indianapolis, IN	3.0	2.0	1498	$2,295	$1.53	107d	1	1.32mi
9203 Hemingway Dr Indianapolis, IN	3.0	2.0	1498	$2,395	$1.60	131d	1	1.32mi
10608 Mangrove Dr Indianapolis, IN	3.0	2.5	1779	$1,995	$1.12	0d	1	1.41mi

Property features AI

Finance

• Other: Living area approximately 1,749
• Financial info: List price $284,990

Exterior

• Parking: 2 parking spaces
• Utilities: Central air conditioning
• Home design: Sequoia plan (new construction plan)Single-family property

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms, 1 half bathroom (2.5 total)
• Heating & cooling: Central air
• Interior features: Central air conditioning

Listing history 50 events

1. 2026-11-08
   days on market $287,990 Active 215 DOM
2. 2026-11-07
   days on market $287,990 Active 214 DOM
3. 2026-11-06
   days on market $287,990 Active 213 DOM
4. 2026-11-05
   days on market $287,990 Active 212 DOM
5. 2026-11-04
   days on market $287,990 Active 211 DOM
6. 2026-11-02
   days on market $287,990 Active 209 DOM
7. 2026-11-01
   days on market $287,990 Active 208 DOM
8. 2026-10-31
   days on market $287,990 Active 207 DOM
9. 2026-10-30
   days on market $287,990 Active 206 DOM
10. 2026-10-29
    days on market $287,990 Active 205 DOM
11. 2026-10-28
    days on market $287,990 Active 204 DOM
12. 2026-10-27
    days on market $287,990 Active 203 DOM
13. 2026-10-26
    days on market $287,990 Active 202 DOM
14. 2026-10-26
    days on market $287,990 Active 201 DOM
15. 2026-10-24
    days on market $287,990 Active 200 DOM
16. 2026-10-23
    days on market $287,990 Active 199 DOM
17. 2026-10-22
    days on market $287,990 Active 198 DOM
18. 2026-10-21
    days on market $287,990 Active 197 DOM
19. 2026-10-20
    days on market $287,990 Active 196 DOM
20. 2026-10-19
    days on market $287,990 Active 195 DOM
21. 2026-10-18
    days on market $287,990 Active 194 DOM
22. 2026-10-17
    days on market $287,990 Active 193 DOM
23. 2026-10-16
    days on market $287,990 Active 192 DOM
24. 2026-10-15
    days on market $287,990 Active 191 DOM
25. 2026-10-14
    days on market $287,990 Active 190 DOM
26. 2026-10-13
    days on market $287,990 Active 189 DOM
27. 2026-10-12
    days on market $287,990 Active 188 DOM
28. 2026-10-11
    days on market $287,990 Active 187 DOM
29. 2026-10-10
    days on market $287,990 Active 186 DOM
30. 2026-10-09
    days on market $287,990 Active 185 DOM
31. 2026-10-08
    days on market $287,990 Active 184 DOM
32. 2026-10-07
    days on market $287,990 Active 183 DOM
33. 2026-10-06
    days on market $287,990 Active 182 DOM
34. 2026-10-05
    days on market $287,990 Active 181 DOM
35. 2026-10-04
    days on market $287,990 Active 180 DOM
36. 2026-10-03
    days on market $287,990 Active 179 DOM
37. 2026-10-02
    days on market $287,990 Active 178 DOM
38. 2026-10-01
    days on market $287,990 Active 177 DOM
39. 2026-09-30
    days on market $287,990 Active 176 DOM
40. 2026-09-29
    days on market $287,990 Active 175 DOM
41. 2026-09-28
    days on market $287,990 Active 174 DOM
42. 2026-09-27
    days on market $287,990 Active 173 DOM
43. 2026-09-25
    days on market $287,990 Active 171 DOM
44. 2026-09-24
    days on market $287,990 Active 170 DOM
45. 2026-09-23
    days on market $287,990 Active 169 DOM
46. 2026-09-22
    days on market $287,990 Active 168 DOM
47. 2026-09-21
    days on market $287,990 Active 167 DOM
48. 2026-09-20
    days on market $287,990 Active 166 DOM
49. 2026-09-19
    days on market $287,990 Active 165 DOM
50. 2026-09-18
    days on market $287,990 Active 164 DOM

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

Taxation est. · year 1

• Rental income: $26,156
• − Mortgage interest: −$20,634
• − Property taxes: −$5,526
• − Insurance: −$1,842
• − Repairs & maintenance: −$2,092
• − Management: −$2,092
• − Depreciation: −$10,716
• Taxable loss: −$16,747
• Est. tax savings @ 24.0%: +$4,019
• After-tax cash flow: $-5,866/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.

Condition & rehab AI · 2 photos

Good 80/100 Cosmetic rehab Est. rehab $8,745–$26,235 screening

The home is in good condition with a good exterior and interior. It has a good curb appeal and is ready for minor cosmetic updates to increase its value.

Value-add opportunities

• Both Paint the exterior siding — Painting the exterior siding can improve the curb appeal and increase the home's value ↑
• Both Update the landscaping — Freshening up the landscaping can enhance the home's curb appeal and attract more potential buyers ↑
• Both Install new flooring — New flooring can improve the home's appearance and increase its value ↑
• Both Update the kitchen appliances — Upgrading the kitchen appliances can make the home more appealing to potential buyers ↑
• Both Paint interior walls and trim — Fresh paint can make the interior look more inviting and increase the home's value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 45/100

Zoned Schools

Middle Franklin Central Junior High F IN #162/330 Nat'l #7,347/14,009 High Franklin Central High School C IN #77/369 Nat'l #4,413/17,239

Schools (NCES district)

• District: Franklin Township Community School Corporation
• NCES district ID: 1803750
• Math proficiency: 42% ▼ -12.00%
• Reading proficiency: 47% ▼ -6.00%
• Median HH income: $67,825
• Composite: 39.91/100
• National rank: #3852
• State rank: #87 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 · 1,025,572 people
• City population: 881,119
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 33,931
• Household income: $100,331
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 7% of renters

---

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 0.61)
• Race & ethnicity: White 57% Black 24% Hispanic / Latino 9% Two or more races 9% Asian 4%
• Hispanic origin (detail): Mexican 6%
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 2% Chinese 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: ▼ -93.15%
• Current HPI: 226.1965
• Rent YoY: ▲ 6.11%
• 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

Property features AI

Finance

• Other: Living area approximately 1,749
• Financial info: List price $284,990

Exterior

• Parking: 2 parking spaces
• Utilities: Central air conditioning
• Home design: Sequoia plan (new construction plan)Single-family property

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms, 1 half bathroom (2.5 total)
• Heating & cooling: Central air
• Interior features: Central air conditioning