3619 Lori Ln · Indianapolis city (balance), IN 46226

$114,900

3 bd · 1.0 ba · 1,616 sqft · SingleFamily public records · 57 Days on market

Built 1960 9,714 sqft lot $71/sqft · 34% below area Est $174k · 34% under

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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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +7.9/10.0
• 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

Situated at 3619 Lori LN, INDIANAPOLIS, IN, USA, this single family residence presents a great opportunity for handy homeowners and astute investors alike. Within its 1616 square feet of living area, this residence provides 3 bedrooms and 1 bathroom on the upper level while having a large living space as you enter the home and a lower level space for a family/rec room. Constructed in 1960, this home is set upon a generous 9714 square feet lot with large back yard. The driveway is set up so a garage could be added. Huge potential and a must see!

Key facts

• 9,714 sq ft lot
• Built 1960
• Listed 57 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $111k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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 (+6.8%/yr); 151 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 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 $794 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 + 6.8% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $115k implies a 155% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.

Recommended offer $111,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 8.85%
• Cash-on-cash: 9.13%
• DSCR: 1.41
• GRM: 6.5

CMA / ARV

• ARV (median comp): $173,805
• List price: $114,900
• Delta: -33.89%
• 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
3663 Kline Dr N	0.09mi	3/1.0	1,720 (+6%)	10mo	$200,000	$116	76
7620 E 34th St	0.25mi	3/2.0	1,680 (+4%)	7mo	$210,000	$125	72
3659 N Mitchner Ave	0.14mi	4/1.5 (+1)	1,700 (+5%)	9mo	$195,000	$115	70
7601 Ruskin Pl	0.17mi	4/1.5 (+1)	1,700 (+5%)	9mo	$200,000	$118	69
3155 Roseway Dr	0.64mi	4/1.0 (+1)	1,612 (-0%)	11mo	$178,000	$110	56
3630 Alsace Dr	0.66mi	3/1.0	1,722 (+7%)	5mo	$185,000	$107	54
3608 Tiffany Dr	0.36mi	4/2.0 (+1)	1,788 (+11%)	4mo	$218,500	$122	54
3846 Alsace Pl	0.75mi	3/1.5	1,617 (+0%)	12mo	$170,000	$105	53
3531 Lombardy Pl	0.65mi	3/2.0	1,526 (-6%)	7mo	$180,000	$118	51
7257 E 38th St	0.46mi	4/1.5 (+1)	1,813 (+12%)	5mo	$120,000	$66	47
3662 Lombardy Pl	0.62mi	3/1.5	1,428 (-12%)	13mo	$184,000	$129	39
3647 Richelieu Rd	0.74mi	4/1.5 (+1)	1,421 (-12%)	7mo	$155,000	$109	33

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: 2.2%
• Equity multiple: 1.09×
• Total profit: $2,893
• Equity at exit: $17,132

10-year hold

• IRR: 15.6%
• Equity multiple: 2.52×
• Total profit: $48,810
• Equity at exit: $9,934

Cash invested: $32,172 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,482 high
• Mortgage (P&I): −$603
• Tax from tax record: −$275 /mo · $3,305/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $245

Break-even live

Break-even rent $1,172

Max offer price $114,900

Occupancy floor 78%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7531 Penway St Indianapolis, IN	3.0	1.5	1237	$1,551	$1.25	7d	1	0.12mi
3513 Roseway Dr Indianapolis, IN	3.0	2.0	1216	$1,600	$1.32	17d	1	0.33mi
7937 E 34th St Indianapolis, IN	4.0	1.0	1450	$2,000	$1.38	23d	1	0.42mi
7925 Crossbridge Dr Indianapolis, IN	2.0	2.0	1072	$1,200	$1.12	43d	1	0.44mi
8203 Penway St Indianapolis, IN	3.0	1.5	1360	$1,500	$1.10	23d	1	0.52mi
3775 Allerton Pl Indianapolis, IN	1.0–4.0	2.0	1068	$1,617	$1.51	14d	1	0.52mi
3900 N Shadeland Ave Indianapolis, IN	1.0–2.0	1.0	1070	$1,075	$1.00	3d	6	0.86mi
8254 Meadowlark Dr Indianapolis, IN	3.0	1.5	1320	$1,150	$0.87	22d	1	1.05mi
8254 Meadowlark Dr Unit 1 Indianapolis, IN	3.0	1.5	1320	$1,150	$0.87	43d	1	1.05mi
3540 Dubarry Ct Indianapolis, IN	3.0	2.0	1297	$1,400	$1.08	23d	1	1.07mi
3815 Biscayne Rd Indianapolis, IN	3.0	1.5	1188	$1,220	$1.03	14d	1	1.07mi
3821 Biscayne Rd Indianapolis, IN	4.0	1.5	1188	$1,325	$1.12	14d	1	1.07mi
3823 Biscayne Rd Indianapolis, IN	4.0	1.5	1188	$1,320	$1.11	14d	1	1.07mi
3829 Biscayne Rd Indianapolis, IN	4.0	1.5	1188	$1,320	$1.11	14d	1	1.08mi
8501 Athens Ct Indianapolis, IN	4.0	1.0	1225	$1,475	$1.20	14d	1	1.12mi
4315 Aspen Way Indianapolis, IN	3.0	1.0	1080	$1,380	$1.28	43d	1	1.14mi
8738 Montery Rd Indianapolis, IN	3.0	1.0	1421	$1,396	$0.98	7d	1	1.15mi
8862 Bel Air Ct Indianapolis, IN	3.0	1.0	1073	$1,264	$1.18	17d	1	1.19mi
4176 N Irwin Ave Indianapolis, IN	4.0	2.0	2006	$1,595	$0.80	22d	1	1.24mi
7845 Bonita Ct Indianapolis, IN	3.0	1.0	1073	$1,400	$1.30	7d	1	1.28mi
8914 Elmonte Dr Indianapolis, IN	3.0	1.5	1500	$1,600	$1.07	23d	1	1.28mi
7910 Roy Rd Indianapolis, IN	3.0	1.0	1073	$1,445	$1.35	23d	1	1.31mi

Listing history 10 events

1. 2026-06-07
   statusdays on market $114,900 Pending 57 DOM
2. 2026-06-03
   days on market $114,900 Active 56 DOM
3. 2026-06-02
   days on market $114,900 Active 55 DOM
4. 2026-06-01
   days on market $114,900 Active 54 DOM
5. 2026-05-31
   days on market $114,900 Active 53 DOM
6. 2026-05-11
   price $114,900 554-char remark

   Show marketing remark (554 chars)

   Situated at 3619 Lori LN, INDIANAPOLIS, IN, USA, this single family residence presents a great opportunity for handy homeowners and astute investors alike. Within its 1616 square feet of living area, this residence provides 3 bedrooms and 1 bathroom on the upper level while having a large living space as you enter the home and a lower level space for a family/rec room. Constructed in 1960, this home is set upon a generous 9714 square feet lot with large back yard. The driveway is set up so a garage could be added. Huge potential and a must see!

7. 2026-03-31
   listed $124,900 Active 554-char remark

   Show marketing remark (554 chars)

   Situated at 3619 Lori LN, INDIANAPOLIS, IN, USA, this single family residence presents a great opportunity for handy homeowners and astute investors alike. Within its 1616 square feet of living area, this residence provides 3 bedrooms and 1 bathroom on the upper level while having a large living space as you enter the home and a lower level space for a family/rec room. Constructed in 1960, this home is set upon a generous 9714 square feet lot with large back yard. The driveway is set up so a garage could be added. Huge potential and a must see!

8. 2015-04-10
   soldstatus $45,000 Sold 176-char remark

   Show marketing remark (176 chars)

   What a great opportunity! The perfect investment or starter home. 3 bedrooms, newer windows and a huge fenced backyard. 3 levels for maximum space for everyone. Newer carpet.

9. 2015-03-27
   historical Contingent - Backup Pending Home Inspection 176-char remark

   Show marketing remark (176 chars)

   What a great opportunity! The perfect investment or starter home. 3 bedrooms, newer windows and a huge fenced backyard. 3 levels for maximum space for everyone. Newer carpet.

10. 2015-03-14
    listed $49,000 Active 176-char remark

    Show marketing remark (176 chars)

    What a great opportunity! The perfect investment or starter home. 3 bedrooms, newer windows and a huge fenced backyard. 3 levels for maximum space for everyone. Newer carpet.

ⓘ 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: $3,305 · $275/mo
• Projected year-2 tax: $3,305 · $275/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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,781
• − Mortgage interest: −$6,436
• − Property taxes: −$3,305
• − Insurance: −$574
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$3,343
• Taxable income: $1,278
• Est. tax owed @ 24.0%: −$307
• After-tax cash flow: $2,631/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

+134.5% since first listed

5 events — show timeline

• 2026-05-11 Price Changed $114,900 MIBOR as Distributed by MLS Grid
• 2026-03-31 Listed $124,900 MIBOR as Distributed by MLS Grid
• 2015-04-10 Sold (MLS) $45,000 MIBOR as Distributed by MLS Grid
• 2015-03-27 Contingent — MIBOR as Distributed by MLS Grid
• 2015-03-14 Listed $49,000 MIBOR as Distributed by MLS Grid

Property tax history

+9.2%/yr

Latest (2025): $3,305 · -17.5% YoY. Source: county tax records.