2716 Baltimore Ave · Indianapolis city (balance), IN 46218

$104,900

3 bd · 1.5 ba · 1,066 sqft · SingleFamily public records · 171 Days on market

Built 1962 7,667 sqft lot $98/sqft · 24% below area Est $138k · 24% under

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Why this score? — see what drove the B 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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +8.2/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent investment opportunity on Indy's Eastside! Last rent was $1,250/month. Property needs some work to be rent ready but has a driveway, large back yard, and is near parks and close to Downtown or Interstate access. Additional 5 properties available from same seller/agent, also vacant, varying condition. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Electric and gas are active, water is off snd will not be turned on. The home is winterized.

Key facts

• Interstate access
• Large back yard
• Near parks

Tags

• LARGE BACK YARD
• NEAR PARKS
• CLOSE TO DOWNTOWN
• INTERSTATE ACCESS

🏷️ Possibly a rental listed for sale. The $104,900 price doesn't fit this home's estimated sale value (~$138,253) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $327 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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 B — 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 flat; 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
• This rent runs 44% of the median local income ($38k/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 $725 of loan paydown is wiped out by about $3k 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 171 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y 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 $58k; list at $105k implies a 81% gain — meaningful room to come down on a strong offer.

Recommended offer $92,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
6. 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.
7. 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: 1.32% ✓
• Cap rate: 10.03%
• Cash-on-cash: 13.35%
• DSCR: 1.59
• GRM: 6.3

CMA / ARV

• ARV (median comp): $138,253
• List price: $104,900
• Delta: -24.12%
• 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
2753 Sangster Ave	0.12mi	3/1.0	1,088 (+2%)	3mo	$162,000	$149	86
2808 Sangster Ave	0.17mi	3/1.0	1,028 (-4%)	3mo	$100,000	$97	82
2848 Schofield Ave	0.27mi	3/1.0	1,102 (+3%)	2mo	$72,000	$65	78
2601 Manlove Ave	0.09mi	3/1.0	972 (-9%)	1mo	$174,900	$180	78
2740 N Rural St	0.51mi	3/2.0	1,082 (+2%)	2mo	$195,000	$180	70
2929 Manlove Ave	0.27mi	3/1.0	960 (-10%)	2mo	$139,000	$145	67
2951 Hillside Ave	0.35mi	3/2.0	980 (-8%)	3mo	$156,000	$159	66
2738 Schofield Ave	0.20mi	4/1.0 (+1)	1,205 (+13%)	2mo	$170,000	$141	61
2358 Hovey St	0.44mi	4/1.0 (+1)	1,152 (+8%)	3mo	$151,000	$131	57
1948 Bloyd Ave	0.73mi	3/1.0	1,104 (+4%)	3mo	$142,000	$129	55
3135 Ralston Ave	0.54mi	2/2.0 (-1)	1,200 (+13%)	1mo	$177,500	$148	46
3263 Schofield Ave	0.66mi	3/1.0	1,194 (+12%)	2mo	$73,600	$62	46

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 · 0.81% rent growth · sell at horizon

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $880
• Equity at exit: $15,641

10-year hold

• IRR: 8.0%
• Equity multiple: 1.55×
• Total profit: $16,045
• Equity at exit: $9,070

Cash invested: $29,372 (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 46218

• Home prices YoY: -17.1%
• Rents YoY: 0.8%
• Active inventory: 334
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,383 high
• Mortgage (P&I): −$550
• Tax from tax record: −$172 /mo · $2,059/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $327

Break-even live

Break-even rent $969

Max offer price $104,900

Occupancy floor 71%

Sensitivity live

Price	-10% $386	-5% $356	+0% $327	+5% $297	+10% $267
Rent	-10% $218	-5% $272	+0% $327	+5% $381	+10% $436
Rate	-1.0pp $380	-0.5pp $353	base $327	+0.5pp $300	+1.0pp $272

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: $26,225
• Closing costs: $3,147
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2616 Caroline Ave Indianapolis, IN	4.0	1.0	1276	$1,300	$1.02	44d	1	0.12mi
2820 Caroline Ave Indianapolis, IN	3.0	1.5	1112	$1,250	$1.12	24d	1	0.14mi
2010 E 25th St Indianapolis, IN	2.0	1.0	792	$775	$0.98	24d	1	0.17mi
2372 Beckwith Dr Indianapolis, IN	4.0	1.0–1.5	779	$1,206	$1.55	2d	32	0.33mi
2931 N Tacoma Ave Unit 31 Indianapolis, IN	2.0	1.0	800	$950	$1.19	8d	1	0.45mi
2757 Columbia Ave Unit 2757-B Indianapolis, IN	3.0	2.0	1350	$1,525	$1.13	44d	1	0.51mi
2553 Columbia Ave Unit 2553-B Indianapolis, IN	3.0	2.0	1350	$1,525	$1.13	44d	1	0.52mi
2549 Columbia Ave Unit 1332865P Indianapolis, IN	3.0	2.0	893	$2,274	$2.55	2d	1	0.52mi
3121 Baltimore Ave Indianapolis, IN	3.0	1.0	1232	$7,865	$6.38	8d	1	0.53mi
3207 N Arsenal Ave Indianapolis, IN	3.0	1.0	994	$1,195	$1.20	24d	1	0.63mi
2203 Sheldon St Unit B Indianapolis, IN	3.0	2.0	1350	$1,500	$1.11	45d	1	0.64mi
2340 Columbia Ave Unit 2340-B Indianapolis, IN	3.0	2.0	1350	$1,650	$1.22	44d	1	0.65mi
3132 Dr Andrew J Brown Ave Indianapolis, IN	2.0	1.0–2.0	791	$2,120	$2.68	2d	46	0.70mi
2950 Winthrop Ave Indianapolis, IN	3.0	2.0	1224	$1,449	$1.18	44d	1	0.76mi
1313 E 22nd St Indianapolis, IN	2.0	2.5	1325	$2,750	$2.08	18d	1	0.77mi
2751 Guilford Ave Unit Aunit Indianapolis, IN	3.0	2.0	1250	$1,750	$1.40	44d	1	0.78mi
2751 Guilford Ave Unit B Indianapolis, IN	3.0	2.0	1250	$1,750	$1.40	14d	1	0.78mi
2711 Guilford Ave Indianapolis, IN	3.0	2.0	1250	$1,695	$1.36	24d	1	0.78mi
2529 Guilford Ave Unit A Indianapolis, IN	2.0	1.5	1000	$1,495	$1.50	44d	1	0.79mi
3363 Nicholas Ave Indianapolis, IN	2.0	1.0	720	$1,000	$1.39	4d	1	0.81mi
3139 Guilford Ave Indianapolis, IN	3.0	1.0	1068	$1,345	$1.26	44d	1	0.82mi
3110 Guilford Ave Indianapolis, IN	3.0	1.5	1250	$1,295	$1.04	24d	1	0.82mi
2830 Lasalle St Unit 28 Indianapolis, IN	2.0	1.0	1400	$1,100	$0.79	44d	1	0.85mi
2906 N Lasalle St Indianapolis, IN	4.0	1.0	1032	$950	$0.92	24d	1	0.87mi
2920 N Lasalle St Indianapolis, IN	3.0	1.0	875	$1,095	$1.25	18d	1	0.87mi
3203 Sutherland Ave Unit 1310761P Indianapolis, IN	2.0	1.0	1097	$3,668	$3.34	2d	1	0.89mi
2707 N College Ave Indianapolis, IN	3.0	2.0	1500	$2,200	$1.47	18d	1	0.93mi
2827 Adams St Indianapolis, IN	3.0	2.0	1200	$1,512	$1.26	2d	1	0.93mi
2709 N College Ave Indianapolis, IN	3.0	2.0	1500	$2,200	$1.47	24d	1	0.93mi
2519 N College Ave Unit 1 Indianapolis, IN	3.0	2.5	1416	$1,850	$1.31	44d	1	0.94mi
3448 Hillside Ave Indianapolis, IN	4.0	1.0	1305	$1,800	$1.38	2d	1	0.95mi
2161 Bellefontaine St Indianapolis, IN	4.0	2.5	1346	$1,900	$1.41	22d	1	0.96mi
2157 Bellefontaine St Unit 2157 Indianapolis, IN	2.0	1.0	1200	$1,200	$1.00	24d	1	0.96mi
2410 Adams St Indianapolis, IN	3.0	1.0	900	$1,200	$1.33	11d	1	0.96mi
2949 Adams St Indianapolis, IN	2.0	1.0	978	$1,150	$1.18	44d	1	0.97mi
1902 E 35th St Indianapolis, IN	3.0	1.0	1100	$1,600	$1.45	44d	1	0.98mi
2341 Adams St Indianapolis, IN	2.0	1.0	1200	$1,199	$1.00	44d	1	1.01mi
2343 E Adams St Indianapolis, IN	2.0	1.0	1200	$1,199	$1.00	44d	1	1.02mi
3449 E 26th St Indianapolis, IN	3.0	2.0	1200	$1,512	$1.26	2d	1	1.03mi
3532 Caroline Ave Indianapolis, IN	4.0	1.0	1177	$2,299	$1.95	44d	1	1.03mi

Listing history 31 events

1. 2026-06-18
   days on market $104,900 Active 171 DOM
2. 2026-06-17
   days on market $104,900 Active 170 DOM
3. 2026-06-16
   days on market $104,900 Active 169 DOM
4. 2026-06-15
   days on market $104,900 Active 168 DOM
5. 2026-06-13
   days on market $104,900 Active 166 DOM
6. 2026-06-13
   days on market $104,900 Active 165 DOM
7. 2026-06-09
   days on market $104,900 Active 162 DOM
8. 2026-06-08
   days on market $104,900 Active 161 DOM
9. 2026-06-07
   days on market $104,900 Active 160 DOM
10. 2026-06-03
    days on market $104,900 Active 156 DOM
11. 2026-06-02
    days on market $104,900 Active 155 DOM
12. 2026-06-01
    days on market $104,900 Active 154 DOM
13. 2026-05-31
    days on market $104,900 Active 153 DOM
14. 2026-04-01
    status Active 1084-char remark

    Show marketing remark (1084 chars)

    Excellent investment opportunity on Indy's Eastside! Last rent was $1,250/month. Property needs some work to be rent ready but has a driveway, large back yard, and is near parks and close to Downtown or Interstate access. Additional 5 properties available from same seller/agent, also vacant, varying condition. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Electric and gas are active, water is off snd will not be turned on. The home is winterized.

15. 2026-02-26
    status Pending 1084-char remark

    Show marketing remark (1084 chars)

    Excellent investment opportunity on Indy's Eastside! Last rent was $1,250/month. Property needs some work to be rent ready but has a driveway, large back yard, and is near parks and close to Downtown or Interstate access. Additional 5 properties available from same seller/agent, also vacant, varying condition. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Electric and gas are active, water is off snd will not be turned on. The home is winterized.

16. 2025-11-24
    listed $104,900 Active 1084-char remark

    Show marketing remark (1084 chars)

    Excellent investment opportunity on Indy's Eastside! Last rent was $1,250/month. Property needs some work to be rent ready but has a driveway, large back yard, and is near parks and close to Downtown or Interstate access. Additional 5 properties available from same seller/agent, also vacant, varying condition. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Electric and gas are active, water is off snd will not be turned on. The home is winterized.

17. 2019-10-24
    soldstatus $58,000
18. 2017-02-28
    historical
19. 2016-11-08
    price $45,000
20. 2016-05-05
    listed $79,900 Active
21. 2010-06-23
    historical
22. 2010-03-22
    listed $37,500
23. 2010-03-16
    historical
24. 2010-03-12
    soldstatus $11,000
25. 2010-02-09
    listed $11,799
26. 2008-12-31
    historical
27. 2008-10-08
    listed $11,800
28. 2006-07-31
    historical
29. 2006-06-08
    listed $71,000
30. 2001-11-28
    soldstatus $1
31. 2001-08-28
    listed $32,000

ⓘ 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: $2,059 · $172/mo
• Projected year-2 tax: $2,059 · $172/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,590
• − Mortgage interest: −$5,876
• − Property taxes: −$2,059
• − Insurance: −$524
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$3,052
• Taxable income: $2,425
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $3,340/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): 29,360
• Household income: $38,063
• Rent vs Own: 47.2% rent · 52.8% own
• Severe rent burden: 2340.0

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: Predominantly Black (68%)
• Race & ethnicity: Black 68% White 18% Hispanic / Latino 9% Two or more races 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -81.57%
• Current HPI: 395.7071
• Rent YoY: ▲ 0.81%
• 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

+227.8% since first listed

18 events — show timeline

• 2026-04-01 Relisted — MIBOR as Distributed by MLS Grid
• 2026-02-26 Pending — MIBOR as Distributed by MLS Grid
• 2025-11-24 Listed $104,900 MIBOR as Distributed by MLS Grid
• 2019-10-24 Sold (Public Records) $58,000 Public Records
• 2017-02-28 Listing Removed — MIBOR as Distributed by MLS Grid
• 2016-11-08 Price Changed $45,000 MIBOR as Distributed by MLS Grid
• 2016-05-05 Listed $79,900 MIBOR as Distributed by MLS Grid
• 2010-06-23 Listing Removed — MIBOR as Distributed by MLS Grid
• 2010-03-22 Listed $37,500 MIBOR as Distributed by MLS Grid
• 2010-03-16 Listing Removed — MIBOR as Distributed by MLS Grid
• 2010-03-12 Sold (MLS) $11,000 MIBOR as Distributed by MLS Grid
• 2010-02-09 Listed $11,799 MIBOR as Distributed by MLS Grid
• 2008-12-31 Listing Removed — MIBOR as Distributed by MLS Grid
• 2008-10-08 Listed $11,800 MIBOR as Distributed by MLS Grid
• 2006-07-31 Listing Removed — MIBOR as Distributed by MLS Grid
• 2006-06-08 Listed $71,000 MIBOR as Distributed by MLS Grid
• 2001-11-28 Sold (MLS) $1 MIBOR as Distributed by MLS Grid
• 2001-08-28 Listed $32,000 MIBOR as Distributed by MLS Grid

Property tax history

+7.9%/yr

Latest (2025): $2,059 · +12.1% YoY. Source: county tax records.