6672 E 43rd Pl · Indianapolis city (balance), IN 46226

$150,000

4 bd · 1.0 ba · 960 sqft · SingleFamily public records · 66 Days on market

Built 1958 0.37 ac lot $156/sqft · 18% above area Est $156k · at est.

---

Why this score? — see what drove the D+ 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 +18.9/30.0
• ARV discount +9.4/15.0
• DSCR +5.9/10.0
• 1% rule +4.9/10.0
• Rent growth +4.2/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this move-in-ready 4-bedroom ranch home in the Devington area of Indianapolis! Enjoy summertime in the private, fully fenced backyard from the covered back patio. The spacious kitchen is in the heart of the home - a fridge credit will be given to the new buyer. The living room features new flooring and refreshing natural light. The converted garage is great for a large primary suite or for a second family room! Recently refreshed with new flooring, paint, and fixtures. New AC unit and new electrical (200 AMP)! Quiet neighborhood with easy access to I465 and local restaurants. Home would also make a great addition to an investor's portfolio.

Key facts

• New ac unit
• New electrical
• Covered back patio

Tags

• PRIVATE FULLY FENCED BACKYARD
• COVERED BACK PATIO
• NEW AC UNIT
• NEW ELECTRICAL

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $153 ($2k/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 $149k (0.9% below list).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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 D — 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 (+6.8%/yr); 151 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
• This rent runs 35% of the median local income ($50k/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 $1k of loan paydown is wiped out by about $4k 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 66 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $61k; list at $150k implies a 146% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 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 1958 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.99% ✗
• Cap rate: 7.51%
• Cash-on-cash: 4.36%
• DSCR: 1.19
• GRM: 8.4

CMA / ARV

• ARV (median comp): $156,463
• List price: $150,000
• Delta: -4.13%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6702 E 43rd Pl	0.01mi	3/1.0 (-1)	900 (-6%)	8mo	$130,000	$144	77
6501 Meadowlark Dr	0.21mi	3/1.0 (-1)	1,000 (+4%)	13mo	$180,000	$180	67
4002 N Catherwood Ave	0.65mi	4/1.0	984 (+2%)	2mo	$125,000	$127	64
4311 N Kenmore Rd	0.32mi	3/1.0 (-1)	1,000 (+4%)	15mo	$175,000	$175	60
3944 N Elizabeth St	0.39mi	3/1.0 (-1)	1,053 (+10%)	2mo	$118,000	$112	59
4071 Sawyer St	0.54mi	3/1.0 (-1)	964 (+0%)	14mo	$36,000	$37	58
4012 N Elizabeth St	0.31mi	3/1.0 (-1)	1,074 (+12%)	5mo	$166,000	$155	56
4101 N Arlington Ave	0.68mi	3/1.0 (-1)	944 (-2%)	6mo	$145,000	$154	55
3940 N Webster Ave	0.71mi	3/1.0 (-1)	962 (+0%)	15mo	$142,500	$148	49
4159 N Ridgeview Dr	0.30mi	3/1.0 (-1)	826 (-14%)	12mo	$108,000	$131	48
4219 E 43rd Ct	0.59mi	3/1.0 (-1)	1,008 (+5%)	14mo	$159,900	$159	47
3808 Elmhurst Dr	0.73mi	3/1.0 (-1)	994 (+4%)	10mo	$104,000	$105	47

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 · 6.76% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.79×
• Total profit: $-8,736
• Equity at exit: $22,365

10-year hold

• IRR: 8.3%
• Equity multiple: 1.73×
• Total profit: $30,838
• Equity at exit: $12,969

Cash invested: $42,000 (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

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46226

• Rents YoY: 6.8%
• Active inventory: 151
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,486 high
• Mortgage (P&I): −$787
• Tax from tax record: −$172 /mo · $2,068/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $153

Break-even live

Break-even rent $1,293

Max offer price $150,000

Occupancy floor 85%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4307 N Edmondson Ave Indianapolis, IN	3.0	1.0	900	$1,299	$1.44	1d	1	0.14mi
4555 N Arlington Ave Indianapolis, IN	1.0–3.0	1.0–1.5	880	$1,379	$1.57	3d	30	0.73mi
3775 Allerton Pl Indianapolis, IN	1.0–4.0	2.0	1068	$1,850	$1.73	13d	1	0.84mi
3836 Priscilla Ave Indianapolis, IN	3.0	1.5	1040	$1,275	$1.23	1d	1	0.97mi
7171 Twin Oaks Dr Indianapolis, IN	3.0	1.0–1.5	801	$1,399	$1.75	23d	9	1.02mi
5602 Glencoe St Indianapolis, IN	3.0	1.0	1000	$1,749	$1.75	17d	1	1.05mi
3718 N Audubon Rd Indianapolis, IN	3.0	1.0	875	$1,300	$1.49	23d	1	1.16mi
3636 N Whittier Pl Indianapolis, IN	3.0	1.0	912	$995	$1.09	7d	1	1.42mi

Listing history 37 events

1. 2026-06-18
   days on market $150,000 Active 66 DOM
2. 2026-06-17
   days on market $150,000 Active 65 DOM
3. 2026-06-16
   days on market $150,000 Active 64 DOM
4. 2026-06-15
   days on market $150,000 Active 63 DOM
5. 2026-06-13
   days on market $150,000 Active 61 DOM
6. 2026-06-13
   pricedays on market $150,000 Active 60 DOM
7. 2026-06-09
   days on market $159,500 Active 57 DOM
8. 2026-06-08
   days on market $159,500 Active 56 DOM
9. 2026-06-07
   days on market $159,500 Active 55 DOM
10. 2026-06-03
    days on market $159,500 Active 51 DOM
11. 2026-06-02
    days on market $159,500 Active 50 DOM
12. 2026-06-01
    days on market $159,500 Active 49 DOM
13. 2026-05-31
    days on market $159,500 Active 48 DOM
14. 2026-05-11
    price $159,500 664-char remark

    Show marketing remark (664 chars)

    Welcome home to this move-in-ready 4-bedroom ranch home in the Devington area of Indianapolis! Enjoy summertime in the private, fully fenced backyard from the covered back patio. The spacious kitchen is in the heart of the home - a fridge credit will be given to the new buyer. The living room features new flooring and refreshing natural light. The converted garage is great for a large primary suite or for a second family room! Recently refreshed with new flooring, paint, and fixtures. New AC unit and new electrical (200 AMP)! Quiet neighborhood with easy access to I465 and local restaurants. Home would also make a great addition to an investor's portfolio.

15. 2026-04-13
    listed $160,000 Active 664-char remark

    Show marketing remark (664 chars)

    Welcome home to this move-in-ready 4-bedroom ranch home in the Devington area of Indianapolis! Enjoy summertime in the private, fully fenced backyard from the covered back patio. The spacious kitchen is in the heart of the home - a fridge credit will be given to the new buyer. The living room features new flooring and refreshing natural light. The converted garage is great for a large primary suite or for a second family room! Recently refreshed with new flooring, paint, and fixtures. New AC unit and new electrical (200 AMP)! Quiet neighborhood with easy access to I465 and local restaurants. Home would also make a great addition to an investor's portfolio.

16. 2026-01-10
    historical
17. 2025-11-14
    price $159,995
18. 2025-08-29
    listed $165,000 Active
19. 2019-12-20
    soldstatus $60,900 Sold
20. 2019-12-02
    status Pending
21. 2019-11-25
    status Active
22. 2019-11-05
    status Pending
23. 2019-10-31
    price $62,900
24. 2019-10-31
    status Active
25. 2019-10-16
    historical
26. 2019-10-08
    price $66,900
27. 2019-08-04
    listed $69,900 Active
28. 2018-12-21
    soldstatus $43,900 Sold
29. 2018-12-05
    status Pending
30. 2018-11-26
    listed $43,900 Active
31. 2009-01-22
    historical
32. 2008-11-26
    soldstatus $14,900
33. 2008-07-17
    historical
34. 2008-07-10
    listed $14,900
35. 2007-12-12
    listed $29,000
36. 2007-12-11
    historical
37. 2007-08-13
    listed $37,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $2,068 · $172/mo
• Projected year-2 tax: $2,068 · $172/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 18 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

Taxation est. · year 1

• Rental income: $17,835
• − Mortgage interest: −$8,402
• − Property taxes: −$2,068
• − Insurance: −$750
• − Repairs & maintenance: −$1,427
• − Management: −$1,427
• − Depreciation: −$4,364
• Taxable loss: −$603
• Est. tax savings @ 24.0%: +$145
• After-tax cash flow: $1,977/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): 47,099
• Household income: $50,325
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 2742.0

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: Black 53% White 25% Hispanic / Latino 17% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 1% Italian 1% Romanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 86% English-only · Spanish 10% French/Haitian/Cajun 1% Other Asian/Pacific 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: ▼ -218.85%
• Current HPI: 239.43
• Rent YoY: ▲ 6.76%
• 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

+331.1% since first listed

24 events — show timeline

• 2026-05-11 Price Changed $159,500 MIBOR as Distributed by MLS Grid
• 2026-04-13 Listed $160,000 MIBOR as Distributed by MLS Grid
• 2026-01-10 Listing Removed — MIBOR as Distributed by MLS Grid
• 2025-11-14 Price Changed $159,995 MIBOR as Distributed by MLS Grid
• 2025-08-29 Listed $165,000 MIBOR as Distributed by MLS Grid
• 2019-12-20 Sold (MLS) $60,900 MIBOR as Distributed by MLS Grid
• 2019-12-02 Pending — MIBOR as Distributed by MLS Grid
• 2019-11-25 Relisted — MIBOR as Distributed by MLS Grid
• 2019-11-05 Pending — MIBOR as Distributed by MLS Grid
• 2019-10-31 Price Changed $62,900 MIBOR as Distributed by MLS Grid
• 2019-10-31 Relisted — MIBOR as Distributed by MLS Grid
• 2019-10-16 Listing Removed — MIBOR as Distributed by MLS Grid
• 2019-10-08 Price Changed $66,900 MIBOR as Distributed by MLS Grid
• 2019-08-04 Listed $69,900 MIBOR as Distributed by MLS Grid
• 2018-12-21 Sold (MLS) $43,900 MIBOR as Distributed by MLS Grid
• 2018-12-05 Pending — MIBOR as Distributed by MLS Grid
• 2018-11-26 Listed $43,900 MIBOR as Distributed by MLS Grid
• 2009-01-22 Listing Removed — MIBOR as Distributed by MLS Grid
• 2008-11-26 Sold (MLS) $14,900 MIBOR as Distributed by MLS Grid
• 2008-07-17 Listing Removed — MIBOR as Distributed by MLS Grid
• 2008-07-10 Listed $14,900 MIBOR as Distributed by MLS Grid
• 2007-12-12 Listed $29,000 MIBOR as Distributed by MLS Grid
• 2007-12-11 Listing Removed — MIBOR as Distributed by MLS Grid
• 2007-08-13 Listed $37,000 MIBOR as Distributed by MLS Grid

Property tax history

+5.7%/yr

Latest (2025): $2,068 · +6.7% YoY. Source: county tax records.