952 Udell 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 101°F)
- 7 days/yr
- Hot days in 30 yrs
- 19 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 0.0%
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 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 +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Rent growth +4.1/5.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- Appreciation +0.0/10.0
$75,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
Key facts
- Strong future value
- Down to the studs
- 3,790 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath single-family listed at $75k.
Deal economics
- At list price, monthly cash flow is $690 ($8k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $75k).
- Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
- Cap rate 17.3% 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 rising fast (+6.4%/yr); 279 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 33% of the median local income ($60k/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 $519 of loan paydown is wiped out by about $2k 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 + 6.4% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.
Negotiation context
- It's been on market 438 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 16y ago; this cycle's ask has dropped $40k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $10k; list at $75k implies a 650% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 3.0% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 438 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?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 2.20% ✓
- Cap rate
- 17.33%
- Cash-on-cash
- 39.41%
- DSCR
- 2.75
- GRM
- 3.8
CMA / ARV
- ARV (median comp)
- $166,811
- List price
- $75,000
- Delta
- -55.04%
- 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 |
|---|---|---|---|---|---|---|---|
| 950 W 28th St | 0.06mi | 3/2.5 (-1) | 1,713 (+4%) | 1mo | $320,000 | $187 | 82 |
| 1307 Congress Ave | 0.53mi | 3/2.0 (-1) | 1,655 (+1%) | 2mo | $200,000 | $121 | 67 |
| 1205 W 32nd St | 0.48mi | 3/1.0 (-1) | 1,686 (+3%) | 0mo | $122,500 | $73 | 64 |
| 520 W 28th St | 0.45mi | 5/2.0 (+1) | 1,734 (+6%) | 4mo | $196,500 | $113 | 61 |
| 1354 Roache St | 0.55mi | 3/1.5 (-1) | 1,632 (-0%) | 6mo | $55,000 | $34 | 61 |
| 2612 Burton Ave | 0.40mi | 3/1.0 (-1) | 1,584 (-4%) | 8mo | $102,800 | $65 | 60 |
| 520 Udell St | 0.45mi | 3/2.5 (-1) | 1,835 (+12%) | 1mo | $270,000 | $147 | 51 |
| 713 W 32nd St | 0.44mi | 3/2.0 (-1) | 1,417 (-14%) | 1mo | $147,000 | $104 | 51 |
| 1343 Edgemont Ave | 0.66mi | 3/1.0 (-1) | 1,545 (-6%) | 3mo | $110,000 | $71 | 48 |
| 1229 W 33rd St | 0.56mi | 3/1.0 (-1) | 1,485 (-10%) | 6mo | $147,000 | $99 | 44 |
| 1509 W 27th St | 0.69mi | 3/2.0 (-1) | 1,510 (-8%) | 9mo | $174,000 | $115 | 42 |
| 1154 W 36th St | 0.75mi | 3/1.0 (-1) | 1,779 (+8%) | 7mo | $85,900 | $48 | 36 |
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 · 6.43% rent growth · sell at horizon
- IRR
- 39.9%
- Equity multiple
- 2.80×
- Total profit
- $37,734
- Equity at exit
- $11,183
- IRR
- 48.0%
- Equity multiple
- 6.51×
- Total profit
- $115,652
- Equity at exit
- $6,485
Cash invested: $21,000 (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 46208
- Rents YoY
- 6.4%
- Active inventory
- 279
- Price-to-rent
- 3.8×
Monthly cashflow live
- Estimated rent
- $1,648 high interval (Pro) →
- Mortgage (P&I)
- −$393
- Tax from tax record
- −$187 /mo · $2,249/yr
- Insurance
- −$31
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$346
- Net cashflow
- $690
Break-even live
Sensitivity live
| Price | -10% $732 | -5% $711 | +0% $690 | +5% $668 | +10% $647 |
|---|---|---|---|---|---|
| Rent | -10% $559 | -5% $625 | +0% $690 | +5% $755 | +10% $820 |
| Rate | -1.0pp $727 | -0.5pp $709 | base $690 | +0.5pp $670 | +1.0pp $650 |
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
- $18,750
- Closing costs
- $2,250
- 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 |
|---|---|---|---|---|---|---|---|---|
| 826 W 29th St Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,595 | $1.33 | 44d | 1 | 0.16mi |
| 824 W 29th St Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,595 | $1.33 | 44d | 1 | 0.16mi |
| 648 W 30th St Indianapolis, IN | 3.0 | 2.0 | 1300 | $1,500 | $1.15 | 24d | 1 | 0.30mi |
| 1227 W 29th St Indianapolis, IN | 3.0 | 1.5 | 1056 | $1,250 | $1.18 | 24d | 1 | 0.35mi |
| 560 Udell St Indianapolis, IN | 3.0 | 1.5 | 1176 | $1,190 | $1.01 | 24d | 1 | 0.37mi |
| 926 W 32nd St Indianapolis, IN | 3.0 | 2.0 | 1050 | $1,295 | $1.23 | 8d | 1 | 0.37mi |
| 3217 Rader St Indianapolis, IN | 3.0 | 1.0 | 1200 | $1,299 | $1.08 | 44d | 1 | 0.40mi |
| 538 W 29th St Indianapolis, IN | 3.0 | 1.0 | 1132 | $1,349 | $1.19 | 24d | 1 | 0.40mi |
| 3017 Ethel Ave Indianapolis, IN | 3.0 | 1.5 | 1079 | $1,400 | $1.30 | 24d | 1 | 0.48mi |
| 445 W 25th St Indianapolis, IN | 4.0 | 2.0 | 1500 | $1,900 | $1.27 | 44d | 1 | 0.64mi |
| 1343 Edgemont Ave Indianapolis, IN | 4.0 | 2.0 | 1545 | $2,095 | $1.36 | 44d | 1 | 0.68mi |
| 1331 W 34th St Indianapolis, IN | 4.0 | 2.0 | 2160 | $1,800 | $0.83 | 15d | 1 | 0.69mi |
| 3031 Boulevard Pl Indianapolis, IN | 3.0 | 1.5 | 1395 | $1,450 | $1.04 | 18d | 1 | 0.74mi |
| 3160 Graceland Ave Indianapolis, IN | 4.0 | 2.0 | 1936 | $2,000 | $1.03 | 24d | 1 | 0.83mi |
| 1367 W Pruitt St Indianapolis, IN | 3.0 | 1.0 | 1088 | $1,450 | $1.33 | 44d | 1 | 0.84mi |
| 2146 Gent Ave Indianapolis, IN | 3.0 | 2.0 | 1952 | $2,000 | $1.02 | 22d | 1 | 0.85mi |
| 1133 W 21st St Indianapolis, IN | 3.0 | 2.0 | 1296 | $1,495 | $1.15 | 24d | 1 | 0.92mi |
| 1135 W 21st St Indianapolis, IN | 3.0 | 2.0 | 1296 | $1,495 | $1.15 | 24d | 1 | 0.92mi |
| 2318 N Capitol Ave Indianapolis, IN | 3.0 | 1.0 | 1440 | $1,050 | $0.73 | 44d | 1 | 1.00mi |
| 3413 N Capitol Ave Indianapolis, IN | 3.0 | 1.0 | 1176 | $1,249 | $1.06 | 11d | 1 | 1.07mi |
| 3415 N Capitol Ave Indianapolis, IN | 3.0 | 1.0 | 1176 | $1,249 | $1.06 | 24d | 1 | 1.08mi |
| 1920 Sugar Grove Ave Indianapolis, IN | 3.0 | 1.5 | 1378 | $1,175 | $0.85 | 3d | 1 | 1.08mi |
| 118 W 23rd St Indianapolis, IN | 3.0 | 1.5 | 1456 | $1,300 | $0.89 | 11d | 1 | 1.10mi |
| 2224 N Kenwood Ave Indianapolis, IN | 3.0 | 3.0 | 1735 | $1,950 | $1.12 | 8d | 1 | 1.12mi |
| 143 W 35th St Indianapolis, IN | 3.0 | 1.0 | 1235 | $1,175 | $0.95 | 8d | 1 | 1.15mi |
| 3103 N Meridian St Indianapolis, IN | 3.0 | 2.0 | 1280 | $1,775 | $1.39 | 24d | 1 | 1.15mi |
| 3502 N Kenwood Ave Indianapolis, IN | 3.0 | 2.0 | 1094 | $1,220 | $1.12 | 44d | 1 | 1.18mi |
| 2901 N Talbott St Indianapolis, IN | 3.0 | 1.5 | 1388 | $1,400 | $1.01 | 44d | 1 | 1.22mi |
| 3457 N Illinois St Indianapolis, IN | 3.0 | 2.0 | 1230 | $1,145 | $0.93 | 24d | 1 | 1.22mi |
| 2437 N Pennsylvania St Indianapolis, IN | 3.0 | 2.0 | 1400 | $1,650 | $1.18 | 24d | 1 | 1.22mi |
| 2801 N Talbott St Unit A Indianapolis, IN | 3.0 | 2.0 | 1296 | $1,850 | $1.43 | 44d | 1 | 1.23mi |
| 2813 N Talbott St Indianapolis, IN | 3.0 | 2.0 | 1297 | $1,800 | $1.39 | 44d | 1 | 1.23mi |
| 2809 N Talbott St Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,750 | $1.40 | 44d | 1 | 1.23mi |
| 2805 N Talbott St Indianapolis, IN | 3.0 | 2.0 | 1296 | $1,800 | $1.39 | 44d | 1 | 1.23mi |
| 3622 N Capitol Ave Indianapolis, IN | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 8d | 1 | 1.25mi |
| 3004 N Delaware St Indianapolis, IN | 3.0 | 1.5 | 1600 | $1,599 | $1.00 | 8d | 1 | 1.27mi |
| 2925 N Delaware St Indianapolis, IN | 3.0 | 1.5 | 1322 | $1,275 | $0.96 | 24d | 1 | 1.28mi |
| 2955 N Delaware St Indianapolis, IN | 3.0 | 1.5 | 1400 | $1,600 | $1.14 | 44d | 1 | 1.28mi |
| 3621 N Kenwood Ave Indianapolis, IN | 3.0 | 1.5 | 1521 | $1,599 | $1.05 | 3d | 1 | 1.31mi |
| 2161 N Meridian St Indianapolis, IN | 3.0 | 2.0 | 1592 | $1,800 | $1.13 | 44d | 1 | 1.32mi |
Listing history 33 events
-
2026-06-18days on market $75,000 Active 438 DOM
-
2026-06-17days on market $75,000 Active 437 DOM
-
2026-06-16days on market $75,000 Active 436 DOM
-
2026-06-15days on market $75,000 Active 435 DOM
-
2026-06-13days on market $75,000 Active 433 DOM
-
2026-06-13days on market $75,000 Active 432 DOM
-
2026-06-09days on market $75,000 Active 429 DOM
-
2026-06-08days on market $75,000 Active 428 DOM
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2026-06-07pricedays on market $75,000 Active 427 DOM
-
2026-06-03days on market $90,000 Active 423 DOM
-
2026-06-02days on market $90,000 Active 422 DOM
-
2026-06-01days on market $90,000 Active 421 DOM
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2026-05-31days on market $90,000 Active 420 DOM
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2026-01-03status Active 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
-
2026-01-03price $90,000 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
-
2025-12-31historical 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
-
2025-12-19status Active 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
-
2025-10-07status Pending 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
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2025-07-17price $95,000 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
-
2025-03-17price $105,000 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
-
2025-01-19$115,000 Active 1104-char remark
Show marketing remark (1104 chars)
Attention investors and visionary buyers! Here's your opportunity to own a prime property in a rapidly developing neighborhood where new homes are transforming the area. This 4-bedroom, 2-bath home is down to the studs, making it a blank canvas ready for your creative touch. With the heavy lifting already started, you can design the layout and finishes to match modern buyer demands. Whether you're looking to flip, build rental income, or craft your dream home, this property offers limitless potential. Located minutes from downtown Indianapolis, this neighborhood is experiencing a surge in revitalization, ensuring strong future value. Don't miss your chance to be part of the area's exciting transformation! Key Highlights: Spacious 4-bedroom, 2-bathroom layout Down to the studs - ready for customization Surrounded by new construction and renovated homes Convenient location near parks, schools, and downtown attractions Bring your contractor and imagination to turn this property into a standout gem. Sold As-Is. Schedule a showing today and start planning your next investment!
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2016-06-23historical
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2016-04-11$8,500 Active
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2016-03-31historical
-
2016-02-09status Active
-
2016-02-05historical
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2016-02-03price $9,000
-
2015-11-06$10,000 Active
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2011-11-15historical
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2011-11-11soldstatus $10,000
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2011-02-23$14,000
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2011-02-15historical
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2010-06-14$14,000
ⓘ 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
- $2,249 · $187/mo
- Projected year-2 tax
- $2,249 · $187/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 · 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,772
- − Mortgage interest
- −$4,201
- − Property taxes
- −$2,249
- − Insurance
- −$375
- − Repairs & maintenance
- −$1,582
- − Management
- −$1,582
- − Depreciation
- −$2,182
- Taxable income
- $7,601
- Est. tax owed @ 24.0%
- −$1,824
- After-tax cash flow
- $6,451/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)
- 22,379
- Household income
- $60,062
- Rent vs Own
- Severe rent burden
- 978.0
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
- White 46% Black 40% Hispanic / Latino 8% Two or more races 6% Asian 2%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Romanian 2% Slovak 2% Italian 1%
- Foreign-born
- 4% · Canada
- Languages at home
- 93% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 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
- ▼ -324.63%
- Current HPI
- 319.7725
- Rent YoY
- ▲ 6.43%
- 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
+542.9% since first listed20 events — show timeline
- 2026-01-03 Relisted — MIBOR as Distributed by MLS Grid
- 2026-01-03 Price Changed $90,000 MIBOR as Distributed by MLS Grid
- 2025-12-31 Listing Removed — MIBOR as Distributed by MLS Grid
- 2025-12-19 Relisted — MIBOR as Distributed by MLS Grid
- 2025-10-07 Pending — MIBOR as Distributed by MLS Grid
- 2025-07-17 Price Changed $95,000 MIBOR as Distributed by MLS Grid
- 2025-03-17 Price Changed $105,000 MIBOR as Distributed by MLS Grid
- 2025-01-19 Listed $115,000 MIBOR as Distributed by MLS Grid
- 2016-06-23 Listing Removed — MIBOR as Distributed by MLS Grid
- 2016-04-11 Listed $8,500 MIBOR as Distributed by MLS Grid
- 2016-03-31 Listing Removed — MIBOR as Distributed by MLS Grid
- 2016-02-09 Relisted — MIBOR as Distributed by MLS Grid
- 2016-02-05 Listing Removed — MIBOR as Distributed by MLS Grid
- 2016-02-03 Price Changed $9,000 MIBOR as Distributed by MLS Grid
- 2015-11-06 Listed $10,000 MIBOR as Distributed by MLS Grid
- 2011-11-15 Listing Removed — MIBOR as Distributed by MLS Grid
- 2011-11-11 Sold (MLS) $10,000 MIBOR as Distributed by MLS Grid
- 2011-02-23 Listed $14,000 MIBOR as Distributed by MLS Grid
- 2011-02-15 Listing Removed — MIBOR as Distributed by MLS Grid
- 2010-06-14 Listed $14,000 MIBOR as Distributed by MLS Grid
Property tax history
+15.4%/yrLatest (2025): $2,249 · +15.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…