2418 Wheeler 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 102°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- 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
$100,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
Key facts
- Flexible layout
- 5,401 sq ft lot
- Built 1915
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath single-family listed at $100k.
Deal economics
- At list price, monthly cash flow is $414 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $100k).
- Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
- Cap rate 11.3% 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 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); 45% 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).
- At $1,505/mo this rent would consume 47% of the median local household income ($38k/yr) (locally 2340% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $691 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.
- At projected returns (-3.0% appreciation + 0.8% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 135 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 23y ago; this cycle's ask has dropped $18k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $8k; list at $100k implies a 1076% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 2.5% of price; built in 1915 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1915 — 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
- 1.51% ✓
- Cap rate
- 11.26%
- Cash-on-cash
- 17.73%
- DSCR
- 1.79
- GRM
- 5.5
CMA / ARV
- ARV (median comp)
- $154,145
- List price
- $100,000
- Delta
- -35.13%
- 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 |
|---|---|---|---|---|---|---|---|
| 2614 N Olney St | 0.36mi | 4/2.0 | 1,735 (+1%) | 8mo | $92,000 | $53 | 75 |
| 2622 N Gale St | 0.44mi | 3/1.0 (-1) | 1,698 (-1%) | 2mo | $42,000 | $25 | 67 |
| 2352 Stuart St | 0.29mi | 3/2.5 (-1) | 1,800 (+5%) | 5mo | $220,000 | $122 | 67 |
| 2006 N Olney St | 0.63mi | 4/2.0 | 1,680 (-2%) | 9mo | $97,000 | $58 | 60 |
| 2341 N Rural St | 0.18mi | 3/2.5 (-1) | 1,920 (+12%) | 6mo | $208,000 | $108 | 59 |
| 2616 Eastern Ave | 0.31mi | 3/1.0 (-1) | 1,920 (+12%) | 5mo | $117,500 | $61 | 53 |
| 2941 Eastern Ave | 0.59mi | 4/2.0 | 1,540 (-10%) | 4mo | $207,500 | $135 | 52 |
| 2860 Eastern Ave | 0.52mi | 3/1.0 (-1) | 1,632 (-5%) | 9mo | $112,000 | $69 | 51 |
| 2359 N Gale St | 0.42mi | 4/2.0 | 1,464 (-15%) | 8mo | $130,000 | $89 | 49 |
| 2752 N Keystone Ave | 0.54mi | 3/1.5 (-1) | 1,545 (-10%) | 8mo | $90,000 | $58 | 44 |
| 2709 Station St | 0.56mi | 3/2.0 (-1) | 1,478 (-14%) | 9mo | $200,000 | $135 | 38 |
| 2822 E 19th St | 0.69mi | 3/2.0 (-1) | 1,946 (+13%) | 6mo | $131,500 | $68 | 35 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.81% rent growth · sell at horizon
- IRR
- 6.6%
- Equity multiple
- 1.25×
- Total profit
- $6,974
- Equity at exit
- $14,910
- IRR
- 13.8%
- Equity multiple
- 1.98×
- Total profit
- $27,557
- Equity at exit
- $8,646
Cash invested: $28,000 (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 46218
- Home prices YoY
- -17.1%
- Rents YoY
- 0.8%
- Active inventory
- 334
- Price-to-rent
- 5.5×
Monthly cashflow live
- Estimated rent
- $1,505 high interval (Pro) →
- Mortgage (P&I)
- −$524
- Tax from tax record
- −$209 /mo · $2,514/yr
- Insurance
- −$42
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$316
- Net cashflow
- $414
Break-even live
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
- $25,000
- Closing costs
- $3,000
- 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 |
|---|---|---|---|---|---|---|---|---|
| 3449 E 26th St Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,512 | $1.26 | 2d | 1 | 0.31mi |
| 3451 E 26th St Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,650 | $1.38 | 43d | 1 | 0.31mi |
| 2827 Adams St Indianapolis, IN | 3.0 | 2.0 | 1200 | $1,512 | $1.26 | 2d | 1 | 0.42mi |
| 2221 Station St Indianapolis, IN | 3.0 | 2.5 | 1312 | $1,600 | $1.22 | 23d | 1 | 0.54mi |
| 2826 Station St Indianapolis, IN | 3.0 | 2.0 | 1248 | $1,550 | $1.24 | 43d | 1 | 0.60mi |
| 1938 N Dearborn St Indianapolis, IN | 3.0 | 1.0 | 1162 | $1,400 | $1.20 | 23d | 1 | 0.60mi |
| 1927 N Dearborn St Indianapolis, IN | 3.0 | 1.0 | 2182 | $1,495 | $0.69 | 43d | 1 | 0.60mi |
| 2815 Brookside Ave Indianapolis, IN | 3.0 | 2.0 | 1120 | $1,350 | $1.21 | 10d | 1 | 0.66mi |
| 2822 E 19th St Indianapolis, IN | 3.0 | 2.0 | 1130 | $1,300 | $1.15 | 43d | 1 | 0.68mi |
| 2616 Caroline Ave Indianapolis, IN | 4.0 | 1.0 | 1276 | $1,300 | $1.02 | 43d | 1 | 0.69mi |
| 2372 Beckwith Dr Indianapolis, IN | 4.0 | 1.0–1.5 | 779 | $1,349 | $1.73 | 1d | 32 | 0.72mi |
| 2820 Caroline Ave Indianapolis, IN | 3.0 | 1.5 | 1112 | $1,250 | $1.12 | 23d | 1 | 0.77mi |
| 2862 N Chester Ave Indianapolis, IN | 3.0 | 2.0 | 1076 | $1,520 | $1.41 | 43d | 1 | 0.84mi |
| 2224 Langley Ave Indianapolis, IN | 4.0 | 2.0 | 1513 | $1,595 | $1.05 | 43d | 1 | 0.86mi |
| 3920 E 30th St Indianapolis, IN | 3.0 | 1.0 | 1071 | $1,350 | $1.26 | 4d | 1 | 0.92mi |
| 3920 E 30th St Indianapolis, IN | 3.0 | 1.0 | 1071 | $1,350 | $1.26 | 7d | 1 | 0.92mi |
| 1550 N Rural St Indianapolis, IN | 3.0 | 1.0 | 1388 | $1,600 | $1.15 | 43d | 1 | 0.97mi |
| 2819 N Gladstone Ave Indianapolis, IN | 4.0 | 2.0 | 1261 | $1,450 | $1.15 | 43d | 1 | 0.97mi |
| 3121 Baltimore Ave Indianapolis, IN | 3.0 | 1.0 | 1232 | $7,865 | $6.38 | 7d | 1 | 1.01mi |
| 2330 E 16th St Indianapolis, IN | 3.0 | 1.5 | 1378 | $1,450 | $1.05 | 4d | 1 | 1.06mi |
| 2407 E 16th St Indianapolis, IN | 3.0 | 1.0 | 1212 | $1,450 | $1.20 | 23d | 1 | 1.06mi |
| 2405 E 16th St Indianapolis, IN | 3.0 | 1.0 | 1120 | $1,450 | $1.29 | 14d | 1 | 1.07mi |
| 1531 N Kealing Ave Unit A Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,397 | $1.12 | 23d | 1 | 1.08mi |
| 1531 N Kealing Ave Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,500 | $1.20 | 23d | 1 | 1.08mi |
| 1521 N Kealing Ave Indianapolis, IN | 3.0 | 1.0 | 1250 | $1,250 | $1.00 | 17d | 1 | 1.09mi |
| 2203 Sheldon St Unit B Indianapolis, IN | 3.0 | 2.0 | 1350 | $1,500 | $1.11 | 44d | 1 | 1.10mi |
| 4320 E 30th St Indianapolis, IN | 3.0 | 1.5 | 1152 | $1,195 | $1.04 | 23d | 1 | 1.16mi |
| 1722 Ingram St Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,550 | $1.24 | 4d | 1 | 1.22mi |
| 1722 Ingram St Unit A Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,550 | $1.24 | 7d | 1 | 1.22mi |
| 1719 Ingram St Unit 1719 Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,500 | $1.20 | 43d | 1 | 1.23mi |
| 1717 Ingram St Unit 1717 Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,500 | $1.20 | 43d | 1 | 1.23mi |
| 1216 N Oakland Ave Indianapolis, IN | 3.0 | 2.0 | 1464 | $1,550 | $1.06 | 14d | 1 | 1.23mi |
| 1214 N Oakland Ave Indianapolis, IN | 3.0 | 2.0 | 1464 | $1,350 | $0.92 | 14d | 1 | 1.24mi |
| 1424 N Denny St Indianapolis, IN | 3.0 | 1.0 | 1206 | $1,295 | $1.07 | 43d | 1 | 1.27mi |
| 2553 Columbia Ave Unit 2553-B Indianapolis, IN | 3.0 | 2.0 | 1350 | $1,525 | $1.13 | 43d | 1 | 1.27mi |
| 3142 N Euclid Ave Indianapolis, IN | 3.0 | 1.0 | 1050 | $1,050 | $1.00 | 43d | 1 | 1.28mi |
| 2340 Columbia Ave Unit 2340-B Indianapolis, IN | 3.0 | 2.0 | 1350 | $1,650 | $1.22 | 43d | 1 | 1.29mi |
| 2757 Columbia Ave Unit 2757-B Indianapolis, IN | 3.0 | 2.0 | 1350 | $1,525 | $1.13 | 43d | 1 | 1.30mi |
| 1119 N Dearborn St Indianapolis, IN | 3.0 | 1.5 | 1200 | $1,249 | $1.04 | 43d | 1 | 1.31mi |
| 1113 N Oxford St Indianapolis, IN | 3.0 | 2.0 | 1100 | $1,495 | $1.36 | 7d | 1 | 1.32mi |
Listing history 15 events
-
2026-05-20status Pending 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-05-04status Active 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-04-20status Pending 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-03-29status Active 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-03-20status Pending 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-03-06status Active 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-03-01status Pending 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-02-24price $100,000 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-02-16status Active 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-02-11status Pending 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-01-13status Active 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2026-01-02status Pending 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2025-11-19$118,000 Active 673-char remark
Show marketing remark (673 chars)
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
-
2004-03-29soldstatus $8,500 38-char remark
Show marketing remark (38 chars)
Needs work. Has potential, Sold As Is.
-
2003-10-27$12,900 38-char remark
Show marketing remark (38 chars)
Needs work. Has potential, Sold As Is.
ⓘ 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
- $2,514 · $209/mo
- Projected year-2 tax
- $2,514 · $209/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 ≥102°F today · 18 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
- $18,065
- − Mortgage interest
- −$5,602
- − Property taxes
- −$2,514
- − Insurance
- −$500
- − Repairs & maintenance
- −$1,445
- − Management
- −$1,445
- − Depreciation
- −$2,909
- Taxable income
- $3,650
- Est. tax owed @ 24.0%
- −$876
- After-tax cash flow
- $4,089/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
- 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 |
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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
+675.2% since first listed15 events — show timeline
- 2026-05-20 Pending — MIBOR as Distributed by MLS Grid
- 2026-05-04 Relisted — MIBOR as Distributed by MLS Grid
- 2026-04-20 Pending — MIBOR as Distributed by MLS Grid
- 2026-03-29 Relisted — MIBOR as Distributed by MLS Grid
- 2026-03-20 Pending — MIBOR as Distributed by MLS Grid
- 2026-03-06 Relisted — MIBOR as Distributed by MLS Grid
- 2026-03-01 Pending — MIBOR as Distributed by MLS Grid
- 2026-02-24 Price Changed $100,000 MIBOR as Distributed by MLS Grid
- 2026-02-16 Relisted — MIBOR as Distributed by MLS Grid
- 2026-02-11 Pending — MIBOR as Distributed by MLS Grid
- 2026-01-13 Relisted — MIBOR as Distributed by MLS Grid
- 2026-01-02 Pending — MIBOR as Distributed by MLS Grid
- 2025-11-19 Listed $118,000 MIBOR as Distributed by MLS Grid
- 2004-03-29 Sold (MLS) $8,500 MIBOR as Distributed by MLS Grid
- 2003-10-27 Listed $12,900 MIBOR as Distributed by MLS Grid
Property tax history
+33.1%/yrLatest (2025): $2,514 · +653.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…