Multi-family
718 N Linwood Ave · 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 4/10 · 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
- 1.0%
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 +4.3/5.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- Appreciation +0.0/10.0
$116,500
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records
Listing remarks MLS
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
Key facts
- 5,576 sq ft lot
- Built 1925
- Listed 138 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1-bed/2.0-bath multifamily listed at $116k.
Deal economics
- At list price, monthly cash flow is $545 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $116k).
- Recommended offer: $103k (12.0% below list) — sets the bar for market timing.
- Cap rate 11.9% 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 (+7.3%/yr); 480 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; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
- This rent runs 44% of the median local income ($49k/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 $805 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 + 7.3% rent growth), your $33k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 138 days — a 12% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 26y ago; this cycle's ask has dropped $24k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $43k; list at $116k implies a 172% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.54% ✓
- Cap rate
- 11.91%
- Cash-on-cash
- 20.05%
- DSCR
- 1.89
- GRM
- 5.4
CMA / ARV
- ARV (median comp)
- $147,944
- List price
- $116,500
- Delta
- -21.25%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 7.31% rent growth · sell at horizon
- IRR
- 17.3%
- Equity multiple
- 1.74×
- Total profit
- $24,034
- Equity at exit
- $17,371
- IRR
- 28.8%
- Equity multiple
- 4.14×
- Total profit
- $102,348
- Equity at exit
- $10,073
Cash invested: $32,620 (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 46201
- Home prices YoY
- -33.9%
- Rents YoY
- 7.3%
- Active inventory
- 480
- Price-to-rent
- 10.8×
Monthly cashflow live
- Estimated rent
- $1,795 medium interval (Pro) →
- Mortgage (P&I)
- −$611
- Tax from tax record
- −$213 /mo · $2,561/yr
- Insurance
- −$49
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$377
- Net cashflow
- $545
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $1,796 |
| #1 | 2 | 1 | $898 |
| #2 | 2 | 1 | $898 |
| Total (2 units) | $1,795 | ||
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
- $29,125
- Closing costs
- $3,495
- 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 |
|---|---|---|---|---|---|---|---|---|
| 833 N Gladstone Ave Indianapolis, IN | 1.0 | 1.0 | 687 | $825 | $1.20 | 23d | 1 | 0.20mi |
| 896 N Gladstone Ave Indianapolis, IN | 1.0 | 1.0 | 580 | $775 | $1.34 | 43d | 1 | 0.28mi |
| 927 N Chester Ave Indianapolis, IN | 1.0 | 1.0 | 596 | $750 | $1.26 | 43d | 1 | 0.36mi |
| 821 N Bradley Ave Indianapolis, IN | 1.0 | 1.0 | 663 | $850 | $1.28 | 4d | 1 | 0.43mi |
| 412 N Bradley Ave Unit 3 Indianapolis, IN | 2.0 | 1.0 | 700 | $950 | $1.36 | 23d | 1 | 0.49mi |
| 830 N Emerson Ave Indianapolis, IN | 1.0 | 1.0 | 560 | $850 | $1.52 | 43d | 1 | 0.54mi |
| 4741 E Washington St Indianapolis, IN | 1.0 | 1.0 | 700 | $950 | $1.36 | 21d | 1 | 0.56mi |
| 4815 E Washington St Unit 4815-10 Indianapolis, IN | 1.0 | 1.0 | 600 | $950 | $1.58 | 21d | 1 | 0.57mi |
| 4815 E Washington St Unit 4815-04 Indianapolis, IN | 1.0 | 1.0 | 600 | $895 | $1.49 | 43d | 1 | 0.57mi |
| 4815 E Washington St Unit 4815-12 Indianapolis, IN | 1.0 | 1.0 | 700 | $950 | $1.36 | 43d | 1 | 0.57mi |
| 831 N Emerson Ave Indianapolis, IN | 1.0 | 1.0 | 647 | $1,000 | $1.55 | 23d | 1 | 0.57mi |
| 320 N Sherman Dr Indianapolis, IN | — | 1.0 | 750 | $525 | $0.70 | 43d | 1 | 0.59mi |
| 320 N Sherman Dr Unit A Indianapolis, IN | — | 1.0 | 450 | $525 | $1.17 | 4d | 1 | 0.59mi |
| 4926 E Washington St Apt 5 Indianapolis, IN | 1.0 | 1.0 | 700 | $895 | $1.28 | 43d | 1 | 0.59mi |
| 1306 N Chester Ave Indianapolis, IN | 1.0 | 1.0 | 600 | $800 | $1.33 | 20d | 1 | 0.64mi |
| 1327 N Chester Ave Indianapolis, IN | 1.0 | 1.0 | 600 | $795 | $1.32 | 13d | 1 | 0.66mi |
| 1432 N Colorado Ave Indianapolis, IN | 1.0 | 1.0 | 584 | $875 | $1.50 | 23d | 1 | 0.66mi |
| 1450 N Gladstone Ave Indianapolis, IN | 1.0 | 1.0 | 588 | $799 | $1.36 | 43d | 1 | 0.73mi |
| 25 S Emerson Ave Indianapolis, IN | 1.0 | 1.0 | 710 | $649 | $0.91 | 43d | 1 | 0.75mi |
| 37 S Sherman Dr Indianapolis, IN | 1.0 | 1.0 | 700 | $800 | $1.14 | 23d | 1 | 0.78mi |
| 1510 N Gladstone Ave Indianapolis, IN | 1.0 | 1.0 | 570 | $765 | $1.34 | 43d | 1 | 0.78mi |
| 1512 N Gladstone Ave Unit 1510 1510 Indianapolis, IN | 1.0 | 1.0 | 570 | $830 | $1.46 | 14d | 1 | 0.78mi |
| 5143 E Washington St Apt 102 Indianapolis, IN | 1.0 | 1.0 | 630 | $850 | $1.35 | 43d | 1 | 0.79mi |
| 5143 E Washington St Apt 101 Indianapolis, IN | 1.0 | 1.0 | 600 | $800 | $1.33 | 43d | 1 | 0.79mi |
| 4 N Butler Ave Unit 2 Indianapolis, IN | 1.0 | 1.0 | 500 | $675 | $1.35 | 23d | 1 | 0.81mi |
| 1106 N Gale St Unit 1 Indianapolis, IN | 2.0 | 1.0 | 750 | $895 | $1.19 | 43d | 1 | 0.81mi |
| 1106 N Gale St Unit 3 Indianapolis, IN | — | 1.0 | 400 | $650 | $1.62 | 4d | 1 | 0.81mi |
| 1531 N Grant Ave Indianapolis, IN | 1.0 | 1.0 | 611 | $875 | $1.43 | 23d | 1 | 0.82mi |
| 1538 N Grant Ave Indianapolis, IN | 1.0 | 1.0 | 375 | $700 | $1.87 | 43d | 1 | 0.84mi |
| 1518 N Chester Ave Indianapolis, IN | 2.0 | 1.0 | 672 | $700 | $1.04 | 7d | 1 | 0.84mi |
| 1028 N Olney St Unit 1030 Indianapolis, IN | 1.0 | 1.0 | 700 | $800 | $1.14 | 23d | 1 | 0.84mi |
| 5230 E Washington St Indianapolis, IN | 1.0 | 1.0 | 463 | $804 | $1.74 | 2d | 6 | 0.85mi |
| 5230 E Washington St Indianapolis, IN | 1.0 | 1.0 | 463 | $819 | $1.77 | 10d | 6 | 0.85mi |
| 1301 N Olney St Unit 1303 Indianapolis, IN | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 43d | 1 | 0.91mi |
| 1036 N Tuxedo St Indianapolis, IN | 1.0 | 1.0 | 646 | $750 | $1.16 | 4d | 1 | 0.91mi |
| 1358 N Gale St Indianapolis, IN | 1.0 | 1.0 | 550 | $890 | $1.62 | 16d | 1 | 0.94mi |
| 3709 Brookside Parkway South Dr Indianapolis, IN | 1.0 | 1.0 | 742 | $825 | $1.11 | 23d | 1 | 0.97mi |
| 1114 N Dearborn St Indianapolis, IN | 1.0 | 1.0 | 646 | $795 | $1.23 | 44d | 1 | 1.06mi |
| 1824 N Riley Ave Indianapolis, IN | 2.0 | 1.0 | 720 | $1,150 | $1.60 | 43d | 1 | 1.08mi |
| 222 S Downey Ave Apt 421 Indianapolis, IN | — | 1.0 | 500 | $919 | $1.84 | 43d | 1 | 1.09mi |
Listing history 18 events
-
2026-05-08status Pending 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-05-04price $116,500 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-04-27price $117,000 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-04-21price $118,000 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-04-07price $118,500 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-03-31price $119,000 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-03-17price $119,500 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-03-16status Active 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-03-11status Pending 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-02-27price $120,000 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-02-04price $125,000 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2026-01-12price $130,000 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
-
2025-12-16$140,000 Active 721-char remark
Show marketing remark (721 chars)
Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term rental. Located in an area with strong buyer demand, this property is perfect for those looking to add value through cosmetic and structural improvements. Ideal for experienced investors or first-time flippers ready to bring their vision to life. Sold as-is. Don't miss this value-add opportunity with upside potential.
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2025-11-28historical $1,550
-
2025-11-01$1,550
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2001-03-01soldstatus $42,892
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2001-02-23soldstatus $43,000 228-char remark
Show marketing remark (228 chars)
LET THE RENT FROM ONE SIDE PAY PART OF YOU MORTAGE AMT. GOOD INCOME POTENTIAL. HARDWOOD FLOORS THROUGHOUT. FURNACE 1995, ROOF 1984. OWNER PAYS WATER/SEWER. CURRENTLY RENTED BELOW MARKET. 1 BDRM, BATH PER SIDE. GARAGE NE ES WORK.
-
2000-04-27$48,500 228-char remark
Show marketing remark (228 chars)
LET THE RENT FROM ONE SIDE PAY PART OF YOU MORTAGE AMT. GOOD INCOME POTENTIAL. HARDWOOD FLOORS THROUGHOUT. FURNACE 1995, ROOF 1984. OWNER PAYS WATER/SEWER. CURRENTLY RENTED BELOW MARKET. 1 BDRM, BATH PER SIDE. GARAGE NE ES WORK.
ⓘ 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
- $2,561 · $213/mo
- Projected year-2 tax
- $2,561 · $213/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 100% 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
- $21,540
- − Mortgage interest
- −$6,526
- − Property taxes
- −$2,561
- − Insurance
- −$582
- − Repairs & maintenance
- −$1,723
- − Management
- −$1,723
- − Depreciation
- −$3,389
- Taxable income
- $5,035
- Est. tax owed @ 24.0%
- −$1,208
- After-tax cash flow
- $5,333/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)
- 30,335
- Household income
- $49,195
- Rent vs Own
- Severe rent burden
- 1906.0
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 0.63)
- Race & ethnicity
- White 53% Hispanic / Latino 23% Black 18% Two or more races 9%
- Hispanic origin (detail)
- Mexican 14% Puerto Rican 2%
- Common ancestry
- Slovak 2% Lithuanian 2% Italian 1%
- Foreign-born
- 9% · Canada
- Languages at home
- 81% English-only · Spanish 17%
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
- ▼ -192.51%
- Current HPI
- 375.0969
- Rent YoY
- ▲ 7.31%
- 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
+140.2% since first listed18 events — show timeline
- 2026-05-08 Pending — MIBOR as Distributed by MLS Grid
- 2026-05-04 Price Changed $116,500 MIBOR as Distributed by MLS Grid
- 2026-04-27 Price Changed $117,000 MIBOR as Distributed by MLS Grid
- 2026-04-21 Price Changed $118,000 MIBOR as Distributed by MLS Grid
- 2026-04-07 Price Changed $118,500 MIBOR as Distributed by MLS Grid
- 2026-03-31 Price Changed $119,000 MIBOR as Distributed by MLS Grid
- 2026-03-17 Price Changed $119,500 MIBOR as Distributed by MLS Grid
- 2026-03-16 Relisted — MIBOR as Distributed by MLS Grid
- 2026-03-11 Pending — MIBOR as Distributed by MLS Grid
- 2026-02-27 Price Changed $120,000 MIBOR as Distributed by MLS Grid
- 2026-02-04 Price Changed $125,000 MIBOR as Distributed by MLS Grid
- 2026-01-12 Price Changed $130,000 MIBOR as Distributed by MLS Grid
- 2025-12-16 Listed $140,000 MIBOR as Distributed by MLS Grid
- 2025-11-28 Rental Removed $1,550 PROPERTYWARE
- 2025-11-01 Listed for Rent $1,550 PROPERTYWARE
- 2001-03-01 Sold (Public Records) $42,892 Public Records
- 2001-02-23 Sold (MLS) $43,000 MIBOR as Distributed by MLS Grid
- 2000-04-27 Listed $48,500 MIBOR as Distributed by MLS Grid
Property tax history
+8.7%/yrLatest (2025): $2,561 · +11.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…