3740 N Brentwood Ave · Indianapolis city (balance), IN 46235

$139,900

3 bd · 1.0 ba · 925 sqft · SingleFamily public records · 5 Days on market

Built 1960 8,451 sqft lot Est $135k · at est.

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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 +22.0/30.0
• DSCR +7.0/10.0
• 1% rule +5.9/10.0
• ARV discount +5.9/15.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

Key facts

• Spacious living area
• Functional layout
• Outdoor space

Tags

• SINGLE-STORY RANCH HOME
• FUNCTIONAL LAYOUT
• SPACIOUS LIVING AREA
• PRACTICAL KITCHEN LAYOUT
• ABUNDANCE OF NATURAL LIGHT
• OUTDOOR SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 8.2% 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.
• Zoned schools: George S Buck School 94 (math 2% / reading 8%, grade F, #970 of 994 statewide, top 99%, 245 students, 75% FRL); Arsenal Technical High School (math 6% / reading 27%, grade F, #353 of 369 statewide, top 96%, 2,366 students, 74% FRL) — zoned schools at 74% FRL track the district average.
• Market conditions: Rents rising (+2.6%/yr); 54 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 31% of the median local income ($59k/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 $967 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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 9y 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 $44k; list at $140k implies a 214% gain — meaningful room to come down on a strong offer.

Recommended offer $139,900

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.09% ✓
• Cap rate: 8.21%
• Cash-on-cash: 6.85%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $135,050
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3938 Biscayne Rd	0.41mi	3/1.0	925 (0%)	0mo	$132,000	$143	80
8724 Montery Rd	0.52mi	3/1.0	925 (0%)	2mo	$134,900	$146	74
3742 N Wittfield St	0.10mi	3/1.0	999 (+8%)	11mo	$137,500	$138	73
3703 Dubarry Rd	0.41mi	3/1.0	925 (0%)	13mo	$150,000	$162	70
9707 E 39th St	0.58mi	3/1.0	925 (0%)	7mo	$103,000	$111	67
9420 Conried Dr	0.54mi	3/1.0	900 (-3%)	6mo	$119,000	$132	65
9513 E 39th Pl	0.50mi	3/1.5	925 (0%)	15mo	$160,000	$173	62
4101 Baker Dr	0.69mi	3/1.0	900 (-3%)	5mo	$122,000	$136	60
3627 N Brentwood Ave	0.15mi	3/1.0	1,053 (+14%)	12mo	$145,000	$138	59
3944 Strathmore Dr	0.74mi	3/1.0	925 (0%)	12mo	$162,900	$176	56
3926 Downes Dr	0.67mi	3/2.0	925 (0%)	15mo	$140,000	$151	52
3525 Lombardy Pl	0.74mi	4/2.0 (+1)	1,047 (+13%)	7mo	$180,000	$172	28

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 · 2.56% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.77×
• Total profit: $-9,066
• Equity at exit: $20,860

10-year hold

• IRR: 2.8%
• Equity multiple: 1.20×
• Total profit: $7,843
• Equity at exit: $12,096

Cash invested: $39,172 (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 46235

• Home prices YoY: -4.3%
• Rents YoY: 2.6%
• Active inventory: 54
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,526 high
• Mortgage (P&I): −$734
• Tax from tax record: −$190 /mo · $2,279/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $224

Break-even live

Break-even rent $1,243

Max offer price $139,900

Occupancy floor 80%

Sensitivity live

Price	-10% $303	-5% $263	+0% $224	+5% $184	+10% $144
Rent	-10% $103	-5% $163	+0% $224	+5% $284	+10% $344
Rate	-1.0pp $294	-0.5pp $259	base $224	+0.5pp $187	+1.0pp $151

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9226 E 36th Pl Indianapolis, IN	3.0	1.0	1073	$1,250	$1.16	8d	1	0.26mi
3631 Decamp Dr Indianapolis, IN	3.0	1.0	1000	$1,335	$1.33	24d	1	0.27mi
3809 Biscayne Rd Indianapolis, IN	2.0	1.5	992	$1,020	$1.03	15d	1	0.31mi
9060 E 39th Pl Indianapolis, IN	1.0–2.0	1.0–1.5	820	$1,040	$1.27	24d	1	0.31mi
8862 Bel Air Ct Indianapolis, IN	3.0	1.0	1073	$1,264	$1.18	18d	1	0.33mi
3938 Biscayne Rd Indianapolis, IN	3.0	1.0	1000	$1,895	$1.90	3d	1	0.40mi
3525 Luewan Ct Indianapolis, IN	4.0	1.0	1107	$1,750	$1.58	24d	1	0.44mi
3519 Jerome Ct Indianapolis, IN	4.0	1.0	1107	$1,995	$1.80	24d	1	0.48mi
8724 Montery Rd Indianapolis, IN	3.0	1.0	925	$1,500	$1.62	44d	1	0.51mi
9438 Conried Dr Indianapolis, IN	3.0	1.0	1094	$1,445	$1.32	5d	1	0.56mi
3962 Strathmore Dr Indianapolis, IN	3.0	1.0	925	$1,250	$1.35	24d	1	0.77mi
4315 Aspen Way Indianapolis, IN	3.0	1.0	1080	$1,380	$1.28	44d	1	0.95mi
7925 Crossbridge Dr Indianapolis, IN	2.0	2.0	1072	$1,200	$1.12	44d	1	1.09mi
10101 Montery Rd Indianapolis, IN	2.0	1.0	627	$1,439	$2.30	2d	10	1.09mi
7975 Red Mill Dr Indianapolis, IN	2.0	1.0	576	$975	$1.69	44d	1	1.15mi
7838 Ridgewood Dr Indianapolis, IN	3.0	2.0	936	$1,540	$1.65	44d	1	1.26mi
7838 Ridgewood Dr Indianapolis, IN	3.0	2.0	936	$1,540	$1.65	24d	1	1.26mi
3226 Wellington Ave Indianapolis, IN	3.0	1.0	900	$1,149	$1.28	11d	1	1.35mi
3645 Wingate Ct Indianapolis, IN	3.0	1.0–2.0	774	$1,500	$1.94	24d	6	1.37mi

Listing history 11 events

1. 2026-04-22
   status Pending
2. 2026-04-22
   status Active
3. 2026-04-22
   status Pending
4. 2026-04-17
   listed $139,900 Active
5. 2017-09-15
   soldstatus $44,500 Sold 155-char remark

   Show marketing remark (155 chars)

   GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

6. 2017-09-14
   status Pending 155-char remark

   Show marketing remark (155 chars)

   GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

7. 2017-08-28
   price $49,500 155-char remark

   Show marketing remark (155 chars)

   GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

8. 2017-08-28
   historical Active with Contingency 155-char remark

   Show marketing remark (155 chars)

   GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

9. 2017-08-28
   price $56,000 155-char remark

   Show marketing remark (155 chars)

   GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

10. 2017-08-28
    price $46,500 155-char remark

    Show marketing remark (155 chars)

    GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

11. 2017-08-23
    listed $49,500 Active 155-char remark

    Show marketing remark (155 chars)

    GOOD RENTAL OPPORTUNITY. RANCH STYLE HOME WITH 3 BEDROOMS, 1 BATH, EIK, LIVING ROOM, AND FAMILY ROOM. PARTIAL GARAGE IS STORAGE/WORK AREA. LARGE BACK YARD.

ⓘ 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: $2,279 · $190/mo
• Projected year-2 tax: $2,279 · $190/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 4/10 Moderate 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $18,311
• − Mortgage interest: −$7,837
• − Property taxes: −$2,279
• − Insurance: −$700
• − Repairs & maintenance: −$1,465
• − Management: −$1,465
• − Depreciation: −$4,070
• Taxable income: $497
• Est. tax owed @ 24.0%: −$119
• After-tax cash flow: $2,565/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): 36,317
• Household income: $58,951
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 1901.0

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 57% White 18% Hispanic / Latino 17% Two or more races 11%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Hispanic 3% Slovak 1% Romanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 80% English-only · Spanish 15% French/Haitian/Cajun 4%

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: ▼ -12.41%
• Current HPI: 275.1505
• Rent YoY: ▲ 2.56%
• 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

+182.6% since first listed

11 events — show timeline

• 2026-04-22 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-22 Relisted — MIBOR as Distributed by MLS Grid
• 2026-04-22 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-17 Listed $139,900 MIBOR as Distributed by MLS Grid
• 2017-09-15 Sold (MLS) $44,500 MIBOR as Distributed by MLS Grid
• 2017-09-14 Pending — MIBOR as Distributed by MLS Grid
• 2017-08-28 Price Changed $49,500 MIBOR as Distributed by MLS Grid
• 2017-08-28 Contingent — MIBOR as Distributed by MLS Grid
• 2017-08-28 Price Changed $56,000 MIBOR as Distributed by MLS Grid
• 2017-08-28 Price Changed $46,500 MIBOR as Distributed by MLS Grid
• 2017-08-23 Listed $49,500 MIBOR as Distributed by MLS Grid

Property tax history

+8.7%/yr

Latest (2025): $2,279 · +23.3% YoY. Source: county tax records.