Multi-family
442 S Oxford 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 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 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 +30.0/30.0
- 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
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$174,900
🖨 Deal sheet (PDF) 📄 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
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
Key facts
- Covered front porch
- Quartz countertop
- Modern finishes
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.5-bath multifamily listed at $175k.
Deal economics
- At list price, monthly cash flow is $3k ($39k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($6k rent vs $175k).
- Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
- Cap rate 28.7% 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 (+7.3%/yr); 483 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); 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).
- At $5,578/mo this rent would consume 136% of the median local household income ($49k/yr) (locally 1906% 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 $1k of loan paydown is wiped out by about $5k 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 $49k cash investment doubles in ~2 years — after that, you're playing with house money.
Negotiation context
- It's been on market 137 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 20y ago; this cycle's ask has dropped $35k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $8k; list at $175k implies a 2086% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1900 — 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
- 3.19% ✓
- Cap rate
- 28.70%
- Cash-on-cash
- 80.03%
- DSCR
- 4.56
- GRM
- 2.6
CMA / ARV
- ARV (median comp)
- $140,000
- List price
- $174,900
- Delta
- 24.93%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 7.31% rent growth · sell at horizon
- IRR
- 85.0%
- Equity multiple
- 5.19×
- Total profit
- $204,959
- Equity at exit
- $26,078
- IRR
- 89.2%
- Equity multiple
- 12.43×
- Total profit
- $559,715
- Equity at exit
- $15,122
Cash invested: $48,972 (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
- 483
- Price-to-rent
- 7.8×
Monthly cashflow live
- Estimated rent
- $5,578 medium interval (Pro) →
- Mortgage (P&I)
- −$917
- Tax from tax record
- −$150 /mo · $1,805/yr
- Insurance
- −$73
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$1,171
- Net cashflow
- $3,266
Break-even live
Sensitivity live
| Price | -10% $3,365 | -5% $3,316 | +0% $3,266 | +5% $3,217 | +10% $3,167 |
|---|---|---|---|---|---|
| Rent | -10% $2,825 | -5% $3,046 | +0% $3,266 | +5% $3,486 | +10% $3,707 |
| Rate | -1.0pp $3,354 | -0.5pp $3,311 | base $3,266 | +0.5pp $3,221 | +1.0pp $3,175 |
3-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 3× units | 3 | 2.5 | $5,577 |
| #1 | 3 | 2.5 | $1,859 |
| #2 | 3 | 2.5 | $1,859 |
| #3 | 3 | 2.5 | $1,859 |
| Total (3 units) | $5,578 | ||
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
- $43,725
- Closing costs
- $5,247
- 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 |
|---|---|---|---|---|---|---|---|---|
| 3022 English Ave Unit 3022 Indianapolis, IN | 2.0 | 1.0 | 600 | $650 | $1.08 | 44d | 1 | 0.10mi |
| 350 S Oxford St Indianapolis, IN | 3.0 | 1.0 | 826 | $1,300 | $1.57 | 44d | 1 | 0.13mi |
| 2631 Southeastern Ave Indianapolis, IN | 3.0 | 2.0 | 1072 | $1,195 | $1.11 | 12d | 1 | 0.14mi |
| 330 S Rural St Indianapolis, IN | 2.0 | 1.0 | 960 | $1,050 | $1.09 | 8d | 1 | 0.16mi |
| 323 S Rural St Indianapolis, IN | 3.0 | 1.5 | 1090 | $1,050 | $0.96 | 44d | 1 | 0.18mi |
| 340 S Dearborn St Indianapolis, IN | 2.0 | 1.0 | 873 | $1,180 | $1.35 | 24d | 1 | 0.27mi |
| 301 S Gray St Indianapolis, IN | 2.0 | 1.0 | 841 | $1,025 | $1.22 | 24d | 1 | 0.30mi |
| 270 S Lasalle St Indianapolis, IN | 3.0 | 2.0 | 562 | $1,329 | $2.36 | 8d | 1 | 0.38mi |
| 49 S Rural St Indianapolis, IN | 2.0 | 1.5 | 750 | $950 | $1.27 | 11d | 1 | 0.48mi |
| 225 Hamilton Ave Indianapolis, IN | 2.0 | 2.0 | 1008 | $1,695 | $1.68 | 44d | 1 | 0.57mi |
| 28 S Dearborn St Unit A Indianapolis, IN | 3.0 | 1.0 | 1100 | $1,400 | $1.27 | 11d | 1 | 0.59mi |
| 2230 Woodlawn Ave Indianapolis, IN | 2.0 | 1.0 | 924 | $1,350 | $1.46 | 44d | 1 | 0.60mi |
| 2034 Southeastern Ave Indianapolis, IN | 1.0 | 1.0 | 525 | $850 | $1.62 | 15d | 1 | 0.62mi |
| 3441 Prospect St Indianapolis, IN | 2.0 | 1.0 | 1008 | $1,500 | $1.49 | 24d | 1 | 0.63mi |
| 3441 Prospect St Indianapolis, IN | 2.0 | 1.0 | 1008 | $1,700 | $1.69 | 45d | 1 | 0.63mi |
| 2025 Southeastern Ave Indianapolis, IN | 1.0 | 1.0 | 663 | $775 | $1.17 | 44d | 1 | 0.63mi |
| 3702 Hoyt Ave Indianapolis, IN | 3.0 | 2.0 | 960 | $1,500 | $1.56 | 15d | 1 | 0.64mi |
| 3706 Hoyt Ave Indianapolis, IN | 3.0 | 1.0 | 960 | $1,500 | $1.56 | 15d | 1 | 0.65mi |
| 37 S Tuxedo St Indianapolis, IN | 3.0 | 1.0 | 950 | $1,150 | $1.21 | 44d | 1 | 0.65mi |
| 423 Villa Ave Indianapolis, IN | 1.0 | 1.0 | 593 | $799 | $1.35 | 24d | 1 | 0.65mi |
| 2116 Woodlawn Ave Indianapolis, IN | 2.0 | 2.0 | 1054 | $1,175 | $1.11 | 8d | 1 | 0.68mi |
| 1011 Harlan St Indianapolis, IN | 2.0 | 2.0 | 1008 | $1,525 | $1.51 | 44d | 1 | 0.71mi |
| 1013 Harlan St Indianapolis, IN | 2.0 | 1.0 | 1008 | $1,475 | $1.46 | 44d | 1 | 0.71mi |
| 247 S Randolph St Indianapolis, IN | 2.0 | 1.0 | 720 | $750 | $1.04 | 44d | 1 | 0.73mi |
| 245 S Randolph St Indianapolis, IN | 2.0 | 1.0 | 720 | $750 | $1.04 | 44d | 1 | 0.73mi |
| 1912 Lexington Ave Unit 1910B Indianapolis, IN | 1.0 | 1.0 | 660 | $850 | $1.29 | 44d | 1 | 0.74mi |
| 235 N Oakland Ave Indianapolis, IN | 2.0 | 1.0 | 800 | $1,000 | $1.25 | 44d | 1 | 0.77mi |
| 815 Dawson St Unit 2 Indianapolis, IN | 2.0 | 1.0 | 600 | $1,300 | $2.17 | 5d | 1 | 0.82mi |
| 1718 Southeastern Ave Indianapolis, IN | 1.0 | 1.0 | 700 | $1,080 | $1.54 | 44d | 1 | 0.84mi |
| 518 S State Ave Indianapolis, IN | 2.0 | 1.0 | 900 | $725 | $0.81 | 44d | 1 | 0.85mi |
| 3906 Hoyt Ave Indianapolis, IN | 2.0 | 1.0 | 912 | $1,250 | $1.37 | 8d | 1 | 0.85mi |
| 313 Eastern Ave Indianapolis, IN | 2.0 | 1.0 | 1040 | $950 | $0.91 | 23d | 1 | 0.85mi |
| 3518 Terrace Ave Indianapolis, IN | 3.0 | 1.0 | 864 | $1,300 | $1.50 | 44d | 1 | 0.89mi |
| 37 S Sherman Dr Indianapolis, IN | 1.0 | 1.0 | 700 | $800 | $1.14 | 24d | 1 | 0.89mi |
| 225 N Hamilton Ave Indianapolis, IN | 2.0 | 2.0 | 1008 | $1,695 | $1.68 | 44d | 1 | 0.90mi |
| 2211 E New York St Unit B Indianapolis, IN | 1.0 | 1.0 | 650 | $725 | $1.12 | 23d | 1 | 0.90mi |
| 408 N Oakland Ave Unit A Indianapolis, IN | 2.0 | 2.0 | 1100 | $995 | $0.90 | 18d | 1 | 0.90mi |
| 1505 S Rural St Indianapolis, IN | 3.0 | 1.0 | 1104 | $1,500 | $1.36 | 13d | 1 | 0.91mi |
| 415 N Oxford St Indianapolis, IN | 1.0 | 1.0 | 580 | $650 | $1.12 | 24d | 1 | 0.92mi |
| 418 Eastern Ave Indianapolis, IN | 3.0 | 1.0 | 1008 | $1,325 | $1.31 | 24d | 1 | 0.93mi |
Listing history 18 events
-
2026-05-12status Pending 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2026-04-21price $174,900 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2026-04-11price $179,900 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2026-03-14price $184,900 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2026-02-09price $189,900 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2026-01-16price $199,900 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2025-12-25$210,000 Active 1213-char remark
Show marketing remark (1213 chars)
Welcome to this charming, remodeled 3-bedroom, 2.5-bath home featuring a welcoming covered front porch, perfect for a porch swing and enjoying your morning coffee. As you step inside, you'll be greeted by a spacious living room that flows into the dining area and kitchen, creating a functional and inviting main-level layout. The kitchen offers ample cabinet and quartz countertop space, complemented by modern finishes and stainless steel appliances. The primary bedroom suite is conveniently located on the main floor and includes its own private full bath, providing comfort and privacy. Upstairs, you'll find two generously sized bedrooms along with a full bathroom, offering plenty of space. The backyard offers plenty of space for gatherings along with convenient parking area in the back. With updates including new roof, siding, flooring, doors, light fixtures, water heater, HVAC, electrical, plumbing, and more, this home ensures modern comfort and peace of mind. Located just minutes from downtown, Fountain Square, restaurants, and shopping, this home combines modern comforts with a prime location. Don't miss the opportunity to make this beautifully updated home yours. Schedule your showing today!
-
2011-11-26historical
-
2011-05-25$39,000
-
2011-01-25historical
-
2010-12-13soldstatus $8,000
-
2010-11-08$12,900
-
2009-04-01historical
-
2008-12-31$24,900
-
2007-04-11historical
-
2007-03-05$65,000
-
2007-03-04historical
-
2006-11-28$65,000
ⓘ 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
- $1,805 · $150/mo
- Projected year-2 tax
- $1,805 · $150/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
- $66,936
- − Mortgage interest
- −$9,797
- − Property taxes
- −$1,805
- − Insurance
- −$874
- − Repairs & maintenance
- −$5,355
- − Management
- −$5,355
- − Depreciation
- −$5,088
- Taxable income
- $38,661
- Est. tax owed @ 24.0%
- −$9,279
- After-tax cash flow
- $29,914/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 |
|
||
| Healthcare | 1 | $177B |
|
||
| Pharmaceuticals | 1 | $45B |
|
||
| Metals / Steel | 1 | $18B |
|
||
| Agriculture | 1 | $17B |
|
||
| Packaging | 1 | $12B |
|
||
Price history
+169.1% since first listed18 events — show timeline
- 2026-05-12 Pending — MIBOR as Distributed by MLS Grid
- 2026-04-21 Price Changed $174,900 MIBOR as Distributed by MLS Grid
- 2026-04-11 Price Changed $179,900 MIBOR as Distributed by MLS Grid
- 2026-03-14 Price Changed $184,900 MIBOR as Distributed by MLS Grid
- 2026-02-09 Price Changed $189,900 MIBOR as Distributed by MLS Grid
- 2026-01-16 Price Changed $199,900 MIBOR as Distributed by MLS Grid
- 2025-12-25 Listed $210,000 MIBOR as Distributed by MLS Grid
- 2011-11-26 Listing Removed — MIBOR as Distributed by MLS Grid
- 2011-05-25 Listed $39,000 MIBOR as Distributed by MLS Grid
- 2011-01-25 Listing Removed — MIBOR as Distributed by MLS Grid
- 2010-12-13 Sold (MLS) $8,000 MIBOR as Distributed by MLS Grid
- 2010-11-08 Listed $12,900 MIBOR as Distributed by MLS Grid
- 2009-04-01 Listing Removed — MIBOR as Distributed by MLS Grid
- 2008-12-31 Listed $24,900 MIBOR as Distributed by MLS Grid
- 2007-04-11 Listing Removed — MIBOR as Distributed by MLS Grid
- 2007-03-05 Listed $65,000 MIBOR as Distributed by MLS Grid
- 2007-03-04 Listing Removed — MIBOR as Distributed by MLS Grid
- 2006-11-28 Listed $65,000 MIBOR as Distributed by MLS Grid
Property tax history
+6.0%/yrLatest (2025): $1,805 · -3.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…