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2838 N Kenwood Ave
C Composite 55.04
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 +19.1/30.0
  • ARV discount +15.0/15.0
  • DSCR +6.0/10.0
  • 1% rule +4.5/10.0
  • 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

$219,900

2838 N Kenwood Ave · Indianapolis city (balance), IN 46208
5 bd · 2.5 ba · 2,084 sqft · SingleFamily public records · 62 Days on market
Built 1900 3,528 sqft lot $106/sqft · 24% above area Est $265k · 17% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Fully Remodeled 5-Bedroom Home Minutes from Downtown! Welcome to this beautifully updated home blending modern comforts with an unbeatable Indianapolis location! Step inside to find stunning wood-look laminate flooring throughout the main level and a unique dual-sided stairway. The thoughtfully designed layout features a formal dining area for entertaining and a cozy breakfast nook for casual mornings. Relax in the spacious main-level primary suite, complete with a large walk-in closet and a luxurious garden tub. Outside, a large covered porch offers the perfect spot to unwind. Big-ticket items are already done: Enjoy peace of mind with a brand-NEW furnace, NEW water heater, and a newer roof (Fall 2022). Unbeatable Convenience: Less than 2 minutes to the world-renowned Children's Museum, 5 minutes to Downtown Indy's dining, events, and attractions 10 minutes to the vibrant Broad Ripple neighborhood and just steps to Ivy Tech Community College and IU Health Methodist Hospital. Investor Alert: With a strong history of high-yield room rentals and its proximity to major downtown development projects and hospital campuses, this turnkey property offers outstanding cash-flow potential. Schedule your showing today!

Key facts

  • Breakfast nook
  • Dual sided stairway
  • Formal dining area

Tags

REMODELED HOMEWOOD LOOK LAMINATE FLOORINGDUAL SIDED STAIRWAYFORMAL DINING AREABREAKFAST NOOKMAIN LEVEL PRIMARY SUITE

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5-bed/2.5-bath single-family listed at $220k.

Deal economics

  • At list price, monthly cash flow is $231 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (5.0% below list).
  • Recommended offer: $207k (6.0% below list) — sets the bar for market timing.
  • Cap rate 7.6% 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 (+6.4%/yr); 279 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 42% 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 $2k of loan paydown is wiped out by about $7k 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 62 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
  • 17 sale attempts since 26y 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.

Risks & watch-outs

  • Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $206,706 (6.0% below list)

Questions for the listing agent

  1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Built in 1900 — 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
0.95%
Cap rate
7.56%
Cash-on-cash
4.51%
DSCR
1.20
GRM
8.8

CMA / ARV

ARV (median comp)
$265,419
List price
$219,900
Delta
-17.15%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2705 Shriver Ave 0.30mi 4/1.5 (-1) 2,214 (+6%) 6mo $150,000 $68 62
318 Congress Ave 0.40mi 5/4.0 2,044 (-2%) 13mo $210,000 $103 62
3131 Boulevard Pl 0.37mi 4/3.0 (-1) 1,956 (-6%) 12mo $271,500 $139 56
3160 Graceland Ave 0.40mi 4/2.0 (-1) 1,936 (-7%) 13mo $130,000 $67 52
2625 Sutherland Ave 0.75mi 4/2.5 (-1) 2,110 (+1%) 9mo $462,400 $219 51
2927 Boulevard Pl 0.17mi 4/2.5 (-1) 2,356 (+13%) 24mo $257,000 $109 46
2616 Boulevard Pl 0.24mi 5/2.5 2,380 (+14%) 23mo $250,000 $105 46
3216 N Kenwood Ave 0.46mi 4/1.0 (-1) 2,258 (+8%) 22mo $127,500 $56 36
415 E 32nd St 0.69mi 4/1.5 (-1) 2,356 (+13%) 12mo $222,000 $94 27

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

5-year hold
IRR
-5.7%
Equity multiple
0.78×
Total profit
$-13,463
Equity at exit
$32,788
10-year hold
IRR
7.5%
Equity multiple
1.65×
Total profit
$39,982
Equity at exit
$19,013

Cash invested: $61,572 (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.

ZIP-level market 46208

Rents YoY
6.4%
Active inventory
279
Price-to-rent
8.8×

Monthly cashflow live

Estimated rent
$2,089 high interval (Pro) →
Mortgage (P&I)
$1,153
Tax from tax record
$174 /mo · $2,092/yr
Insurance
$92
HOA
$0
Vacancy / Maint / Mgmt
$439
Net cashflow
$231

Break-even live

Break-even rent $1,796
Max offer price $219,900
Occupancy floor 84%

Sensitivity live

Price -10% $356 -5% $294 +0% $231 +5% $169 +10% $107
Rent -10% $66 -5% $149 +0% $231 +5% $314 +10% $397
Rate -1.0pp $342 -0.5pp $287 base $231 +0.5pp $174 +1.0pp $117

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
$54,975
Closing costs
$6,597
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 10 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3160 Graceland Ave Indianapolis, IN 4.0 2.0 1936 $2,000 $1.03 24d 1 0.38mi
445 W 25th St Indianapolis, IN 4.0 2.0 1500 $1,900 $1.27 44d 1 0.53mi
3128 Broadway St Indianapolis, IN 4.0 1.5 1999 $2,200 $1.10 24d 1 0.80mi
3655 N Kenwood Ave Indianapolis, IN 4.0 2.0 1700 $1,700 $1.00 24d 1 1.01mi
2246 Bellefontaine St Indianapolis, IN 4.0 2.5 2587 $2,300 $0.89 24d 1 1.15mi
3827 Graceland Ave Indianapolis, IN 4.0 2.0 2195 $1,595 $0.73 44d 1 1.22mi
1704 N Pennsylvania St Unit B Indianapolis, IN 4.0 1.5 2200 $1,800 $0.82 44d 1 1.29mi
1949 Carrollton Ave Indianapolis, IN 4.0 3.5 2617 $2,995 $1.14 44d 1 1.34mi
1331 W 34th St Indianapolis, IN 4.0 2.0 2160 $1,800 $0.83 15d 1 1.48mi
1343 Edgemont Ave Indianapolis, IN 4.0 2.0 1545 $2,095 $1.36 44d 1 1.49mi

Listing history 50 events

  1. 2026-06-18
    days on market $219,900 Active 62 DOM
  2. 2026-06-17
    days on market $219,900 Active 61 DOM
  3. 2026-06-16
    days on market $219,900 Active 60 DOM
  4. 2026-06-15
    days on market $219,900 Active 59 DOM
  5. 2026-06-13
    days on market $219,900 Active 57 DOM
  6. 2026-06-13
    days on market $219,900 Active 56 DOM
  7. 2026-06-09
    days on market $219,900 Active 53 DOM
  8. 2026-06-08
    days on market $219,900 Active 52 DOM
  9. 2026-06-07
    days on market $219,900 Active 51 DOM
  10. 2026-06-03
    days on market $219,900 Active 47 DOM
  11. 2026-06-02
    days on market $219,900 Active 46 DOM
  12. 2026-06-02
    price $219,900 Active 45 DOM
  13. 2026-06-01
    days on market $230,000 Active 45 DOM
  14. 2026-05-31
    days on market $230,000 Active 44 DOM
  15. 2026-04-16
    listed $230,000 Active 1248-char remark
    Show marketing remark (1248 chars)

    Fully Remodeled 5-Bedroom Home Minutes from Downtown! Welcome to this beautifully updated home blending modern comforts with an unbeatable Indianapolis location! Step inside to find stunning wood-look laminate flooring throughout the main level and a unique dual-sided stairway. The thoughtfully designed layout features a formal dining area for entertaining and a cozy breakfast nook for casual mornings. Relax in the spacious main-level primary suite, complete with a large walk-in closet and a luxurious garden tub. Outside, a large covered porch offers the perfect spot to unwind. Big-ticket items are already done: Enjoy peace of mind with a brand-NEW furnace, NEW water heater, and a newer roof (Fall 2022). Unbeatable Convenience: Less than 2 minutes to the world-renowned Children's Museum, 5 minutes to Downtown Indy's dining, events, and attractions 10 minutes to the vibrant Broad Ripple neighborhood and just steps to Ivy Tech Community College and IU Health Methodist Hospital. Investor Alert: With a strong history of high-yield room rentals and its proximity to major downtown development projects and hospital campuses, this turnkey property offers outstanding cash-flow potential. Schedule your showing today!

  16. 2024-03-04
    soldstatus $195,000 Closed 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  17. 2024-02-18
    status Pending 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  18. 2024-02-18
    status Active 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  19. 2024-02-18
    status Pending 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  20. 2023-11-17
    price $229,900 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  21. 2023-11-08
    status Active 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  22. 2023-11-07
    historical 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  23. 2023-11-06
    status Active 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  24. 2023-11-06
    price $239,900 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  25. 2023-11-04
    historical 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  26. 2023-08-09
    price $249,900 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  27. 2023-07-05
    price $265,000 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  28. 2023-05-04
    price $279,900 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  29. 2023-05-04
    listed $179,900 Active 702-char remark
    Show marketing remark (702 chars)

    This beautiful 5-bedroom house boasts a spacious master suite on main level, complete with a garden tub and walk-in closet. It has a large covered porch, a breakfast nook, a separate dining room area, a duel sided stairway and laminated hardwood floors throughout the main level. It also includes a ring video surveillance system, 2 video cameras, 2 spotlights on the sides of home and a home alarm with window sensors. Roof was completed in fall of 2022. For your convenience, it's just 5 minutes from downtown, 10 minutes from Broad Ripple & 2 minutes from the children's museum, with free membership to children's museum for all family members. Come see for yourself. You won't be disappointed.

  30. 2021-03-09
    soldstatus $165,000 Closed
  31. 2021-03-06
    status Pending
  32. 2021-03-06
    status Active
  33. 2021-02-10
    status Pending
  34. 2020-12-14
    price $165,900
  35. 2020-11-03
    status Active
  36. 2020-10-17
    status Pending
  37. 2020-10-01
    price $169,900
  38. 2020-09-12
    price $174,900
  39. 2020-08-31
    price $176,900
  40. 2020-08-13
    price $179,900
  41. 2020-08-03
    price $181,500
  42. 2020-07-24
    price $183,900
  43. 2020-07-15
    price $185,900
  44. 2020-07-07
    listed $187,900 Active
  45. 2020-03-06
    historical
  46. 2020-01-03
    status Active
  47. 2019-12-31
    historical
  48. 2019-06-29
    listed $150,000 Active
  49. 2019-06-18
    historical
  50. 2019-01-22
    listed $175,000 Active

ⓘ 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
$2,092 · $174/mo
Projected year-2 tax
$2,092 · $174/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 · 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
$25,073
− Mortgage interest
−$12,318
− Property taxes
−$2,092
− Insurance
−$1,100
− Repairs & maintenance
−$2,006
− Management
−$2,006
− Depreciation
−$6,397
Taxable loss
−$846
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$203
After-tax cash flow
$2,980/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
44.1% rent · 55.9% 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

Price history

+412.2% since first listed
48 events — show timeline
  • 2026-04-16 Listed $230,000 MIBOR as Distributed by MLS Grid
  • 2024-03-04 Sold (MLS) $195,000 MIBOR as Distributed by MLS Grid
  • 2024-02-18 Pending MIBOR as Distributed by MLS Grid
  • 2024-02-18 Relisted MIBOR as Distributed by MLS Grid
  • 2024-02-18 Pending MIBOR as Distributed by MLS Grid
  • 2023-11-17 Price Changed $229,900 MIBOR as Distributed by MLS Grid
  • 2023-11-08 Relisted MIBOR as Distributed by MLS Grid
  • 2023-11-07 Listing Removed MIBOR as Distributed by MLS Grid
  • 2023-11-06 Relisted MIBOR as Distributed by MLS Grid
  • 2023-11-06 Price Changed $239,900 MIBOR as Distributed by MLS Grid
  • 2023-11-04 Listing Removed MIBOR as Distributed by MLS Grid
  • 2023-08-09 Price Changed $249,900 MIBOR as Distributed by MLS Grid
  • 2023-07-05 Price Changed $265,000 MIBOR as Distributed by MLS Grid
  • 2023-05-04 Price Changed $279,900 MIBOR as Distributed by MLS Grid
  • 2023-05-04 Listed $179,900 MIBOR as Distributed by MLS Grid
  • 2021-03-09 Sold (MLS) $165,000 MIBOR as Distributed by MLS Grid
  • 2021-03-06 Pending MIBOR as Distributed by MLS Grid
  • 2021-03-06 Relisted MIBOR as Distributed by MLS Grid
  • 2021-02-10 Pending MIBOR as Distributed by MLS Grid
  • 2020-12-14 Price Changed $165,900 MIBOR as Distributed by MLS Grid
  • 2020-11-03 Relisted MIBOR as Distributed by MLS Grid
  • 2020-10-17 Pending MIBOR as Distributed by MLS Grid
  • 2020-10-01 Price Changed $169,900 MIBOR as Distributed by MLS Grid
  • 2020-09-12 Price Changed $174,900 MIBOR as Distributed by MLS Grid
  • 2020-08-31 Price Changed $176,900 MIBOR as Distributed by MLS Grid
  • 2020-08-13 Price Changed $179,900 MIBOR as Distributed by MLS Grid
  • 2020-08-03 Price Changed $181,500 MIBOR as Distributed by MLS Grid
  • 2020-07-24 Price Changed $183,900 MIBOR as Distributed by MLS Grid
  • 2020-07-15 Price Changed $185,900 MIBOR as Distributed by MLS Grid
  • 2020-07-07 Listed $187,900 MIBOR as Distributed by MLS Grid
  • 2020-03-06 Listing Removed MIBOR as Distributed by MLS Grid
  • 2020-01-03 Relisted MIBOR as Distributed by MLS Grid
  • 2019-12-31 Listing Removed MIBOR as Distributed by MLS Grid
  • 2019-06-29 Listed $150,000 MIBOR as Distributed by MLS Grid
  • 2019-06-18 Listing Removed MIBOR as Distributed by MLS Grid
  • 2019-01-22 Listed $175,000 MIBOR as Distributed by MLS Grid
  • 2007-10-31 Listing Removed MIBOR as Distributed by MLS Grid
  • 2007-07-25 Listed $129,900 MIBOR as Distributed by MLS Grid
  • 2007-02-06 Sold (MLS) $16,500 MIBOR as Distributed by MLS Grid
  • 2006-11-02 Listed $25,900 MIBOR as Distributed by MLS Grid
  • 2004-09-16 Sold (MLS) $14,000 MIBOR as Distributed by MLS Grid
  • 2004-08-24 Listed $17,900 MIBOR as Distributed by MLS Grid
  • 2002-06-27 Sold (MLS) $54,900 MIBOR as Distributed by MLS Grid
  • 2002-05-03 Listed $49,900 MIBOR as Distributed by MLS Grid
  • 2001-09-30 Listing Removed MIBOR as Distributed by MLS Grid
  • 2001-03-15 Listed $49,950 MIBOR as Distributed by MLS Grid
  • 2000-12-31 Listing Removed MIBOR as Distributed by MLS Grid
  • 2000-06-29 Listed $44,900 MIBOR as Distributed by MLS Grid

Property tax history

+11.8%/yr

Latest (2025): $2,092 · +4.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…