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28 N Denny St
C Composite 58.69
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 +25.1/30.0
  • ARV discount +9.1/15.0
  • DSCR +8.2/10.0
  • 1% rule +5.6/10.0
  • 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

$125,000

28 N Denny St · Indianapolis city (balance), IN 46201
3 bd · 1.0 ba · 1,292 sqft · SingleFamily public records · 54 Days on market
Built 1915 2,831 sqft lot $97/sqft · at area comps Est $130k · at est.

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

Key facts

  • 2,831 sq ft lot
  • Garage
  • Built 1915

Property features AI

Exterior

  • Parking: Detached 1-car garage
  • Utilities: Public water; Municipal sewer connected; Electricity connected
  • Home design: Single-family residence; Two levels
  • Construction: Vinyl siding; Block foundation
  • Exterior features: Less than 1/4 acre lot

Interior

  • Kitchen: Electric cooktop; Dishwasher; Microwave; Refrigerator
  • Bedrooms: Two bedrooms on the upper level
  • Bathrooms: One full bathroom (main/upper)
  • Heating & cooling: Forced air heating; Central air conditioning
  • Interior features: Electric water heater; Main-level laundry
  • Laundry & utility: Laundry on the main level

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

  • At list price, monthly cash flow is $276 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $125k).
  • Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
  • Cap rate 8.9% 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 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.
  • Zoned schools: Frederick Douglass School 19 (math 9% / reading 13%, grade F, #909 of 994 statewide, top 92%, 444 students, 81% FRL); H L Harshman Middle School (math 3% / reading 16%, grade F, #316 of 330 statewide, top 96%, 549 students, 84% FRL).
  • 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); 42% 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 32% 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 $864 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.
  • At projected returns (-3.0% appreciation + 7.3% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 54 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
  • 15 sale attempts since 26y ago; this cycle's ask has dropped $110k (47%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

  1. It's been on market 54 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 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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.
  5. 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.
  6. 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
1.06%
Cap rate
8.94%
Cash-on-cash
9.45%
DSCR
1.42
GRM
7.9

CMA / ARV

ARV (median comp)
$129,693
List price
$125,000
Delta
-3.62%
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
56 N Denny St 0.05mi 3/2.0 1,378 (+7%) 1mo $185,000 $134 82
801 N Denny St 0.53mi 2/1.0 (-1) 1,265 (-2%) 10mo $93,000 $74 59
3610 Robson St 0.37mi 2/1.0 (-1) 1,383 (+7%) 8mo $98,000 $71 59
317 N Bradley Ave 0.18mi 3/1.5 1,100 (-15%) 8mo $95,000 $86 58
718 N Linwood Ave 0.60mi 4/2.0 (+1) 1,249 (-3%) 1mo $85,000 $68 57
318 N Kealing Ave 0.28mi 2/1.0 (-1) 1,113 (-14%) 3mo $152,000 $137 57
3526 E Vermont St 0.38mi 2/1.0 (-1) 1,152 (-11%) 10mo $61,000 $53 51
315 S Dearborn St 0.74mi 3/1.0 1,232 (-5%) 9mo $159,000 $129 50
611 N Bradley Ave 0.41mi 2/1.0 (-1) 1,466 (+14%) 9mo $60,000 $41 46
4613 Young Ave 0.61mi 2/1.0 (-1) 1,440 (+12%) 2mo $155,000 $108 46
805 N Tuxedo St 0.67mi 2/2.0 (-1) 1,347 (+4%) 11mo $178,000 $132 43
4650 Young Ave 0.66mi 2/1.0 (-1) 1,464 (+13%) 1mo $133,000 $91 41

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 · 7.31% rent growth · sell at horizon

5-year hold
IRR
2.3%
Equity multiple
1.09×
Total profit
$3,243
Equity at exit
$18,638
10-year hold
IRR
15.4%
Equity multiple
2.49×
Total profit
$52,101
Equity at exit
$10,808

Cash invested: $35,000 (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.

ZIP-level market 46201

Home prices YoY
-33.9%
Rents YoY
7.3%
Active inventory
483
Price-to-rent
7.9×

Monthly cashflow live

Estimated rent
$1,322 high interval (Pro) →
Mortgage (P&I)
$656
Tax from tax record
$61 /mo · $731/yr
Insurance
$52
HOA
$0
Vacancy / Maint / Mgmt
$278
Net cashflow
$276

Break-even live

Break-even rent $973
Max offer price $125,000
Occupancy floor 74%

Sensitivity live

Price -10% $346 -5% $311 +0% $276 +5% $240 +10% $205
Rent -10% $171 -5% $223 +0% $276 +5% $328 +10% $380
Rate -1.0pp $339 -0.5pp $307 base $276 +0.5pp $243 +1.0pp $210

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
$31,250
Closing costs
$3,750
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
8 S Bradley Ave Indianapolis, IN 2.0 1.0 1300 $950 $0.73 25d 1 0.09mi
33 N Sherman Dr Unit 33 Indianapolis, IN 3.0 1.5 1288 $1,500 $1.16 9d 1 0.10mi
4114 E Washington St Indianapolis, IN 2.0 1.0 909 $1,100 $1.21 46d 1 0.17mi
314 N Denny St Indianapolis, IN 3.0 1.0 1184 $975 $0.82 25d 1 0.17mi
119 N Grant Ave Indianapolis, IN 3.0 1.0 1408 $1,195 $0.85 45d 1 0.18mi
3712 E Market St Indianapolis, IN 3.0 1.0 1800 $1,450 $0.81 16d 1 0.20mi
4214 E Washington St Indianapolis, IN 3.0 2.0 961 $1,195 $1.24 9d 1 0.23mi
4214 E Washington St Indianapolis, IN 3.0 2.0 961 $1,145 $1.19 0d 1 0.23mi
83 N Ewing St Unit 83 Indianapolis, IN 3.0 1.0 1016 $1,199 $1.18 45d 1 0.28mi
83 N Ewing St Unit 83 Indianapolis, IN 3.0 1.0 1016 $1,199 $1.18 0d 1 0.28mi
21 N Colorado Ave Indianapolis, IN 3.0 1.5 1520 $2,000 $1.32 45d 1 0.28mi
442 N Denny St Indianapolis, IN 3.0 1.0 1140 $1,045 $0.92 25d 1 0.32mi
447 N Sherman Dr Indianapolis, IN 3.0 1.5 1312 $1,195 $0.91 45d 1 0.32mi
603 N Sherman Dr Indianapolis, IN 3.0 1.0 1250 $1,300 $1.04 45d 1 0.40mi
37 S Tuxedo St Indianapolis, IN 3.0 1.0 950 $1,150 $1.21 45d 1 0.46mi
25 N Drexel Ave Unit A Indianapolis, IN 3.0 2.0 1250 $1,325 $1.06 45d 1 0.47mi
614 N Colorado Ave Indianapolis, IN 2.0 2.0 1736 $1,200 $0.69 25d 1 0.48mi
642 N Colorado Ave Indianapolis, IN 3.0 2.0 1572 $1,450 $0.92 45d 1 0.52mi
801 N Gladstone Ave Indianapolis, IN 3.0 1.5 1776 $1,225 $0.69 45d 1 0.56mi
622 N Linwood Ave Indianapolis, IN 3.0 2.0 985 $1,299 $1.32 45d 1 0.57mi
822 N Bradley Ave Unit 822 Indianapolis, IN 3.0 1.0 1100 $1,200 $1.09 45d 1 0.58mi
822 N Bradley Ave Unit 822 Indianapolis, IN 3.0 1.0 1100 $1,200 $1.09 0d 1 0.58mi
28 S Dearborn St Unit A Indianapolis, IN 3.0 1.0 1100 $1,400 $1.27 12d 1 0.59mi
28 S Dearborn St Unit B Indianapolis, IN 2.0 1.5 1166 $1,150 $0.99 25d 1 0.59mi
408 N Dearborn St Indianapolis, IN 3.0 2.5 1740 $1,750 $1.01 45d 1 0.62mi
253 N Gray St Indianapolis, IN 3.0 1.5 1176 $1,660 $1.41 9d 1 0.63mi
430 N Dearborn St Indianapolis, IN 3.0 1.0 1128 $1,300 $1.15 45d 1 0.64mi
20 N Gray St Indianapolis, IN 3.0 2.0 1300 $1,800 $1.38 45d 1 0.64mi
4831 E Washington St Unit 4 Indianapolis, IN 2.0 2.0 1000 $995 $0.99 25d 1 0.66mi
3123 E Michigan St Indianapolis, IN 2.0 1.0 1200 $625 $0.52 0d 1 0.66mi
706 N Bosart Ave Indianapolis, IN 2.0 1.0 1000 $1,070 $1.07 25d 1 0.67mi
510 N Dearborn St Indianapolis, IN 3.0 1.0 1008 $1,350 $1.34 45d 1 0.68mi
729 N Bosart Ave Indianapolis, IN 2.0 1.0 888 $1,195 $1.35 25d 1 0.71mi
409 N Oakland Ave Unit 411 Indianapolis, IN 3.0 2.0 1300 $1,495 $1.15 45d 1 0.72mi
408 N Oakland Ave Unit A Indianapolis, IN 2.0 2.0 1100 $995 $0.90 0d 1 0.74mi
408 N Oakland Ave Unit A Indianapolis, IN 2.0 2.0 1100 $995 $0.90 19d 1 0.74mi
415 N Dequincy St Indianapolis, IN 3.0 2.0 1250 $1,900 $1.52 16d 1 0.74mi
253 S Gray St Indianapolis, IN 3.0 1.5 1176 $1,660 $1.41 3d 1 0.75mi
306 N Riley Ave Indianapolis, IN 3.0 1.0 1320 $1,095 $0.83 19d 1 0.76mi
117 N Riley Ave Indianapolis, IN 3.0 3.0 1664 $1,600 $0.96 21d 1 0.77mi

Listing history 50 events

  1. 2026-06-21
    days on market $125,000 Active 54 DOM
  2. 2026-06-18
    days on market $125,000 Active 51 DOM
  3. 2026-06-17
    days on market $125,000 Active 50 DOM
  4. 2026-06-16
    days on market $125,000 Active 49 DOM
  5. 2026-06-15
    days on market $125,000 Active 48 DOM
  6. 2026-06-13
    days on market $125,000 Active 46 DOM
  7. 2026-06-13
    pricedays on market $125,000 Active 45 DOM
  8. 2026-06-09
    days on market $128,000 Active 42 DOM
  9. 2026-06-08
    pricedays on market $128,000 Active 41 DOM
  10. 2026-06-07
    pricedays on market $130,000 Active 40 DOM
  11. 2026-06-03
    days on market $135,000 Active 36 DOM
  12. 2026-06-02
    days on market $135,000 Active 35 DOM
  13. 2026-06-01
    days on market $135,000 Active 34 DOM
  14. 2026-05-31
    days on market $135,000 Active 33 DOM
  15. 2026-04-28
    price $135,000 742-char remark
  16. 2026-04-27
    listed $235,000 Active 742-char remark
  17. 2025-05-06
    soldstatus $128,900 Closed 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  18. 2025-04-02
    status Pending 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  19. 2025-03-27
    status Active 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  20. 2025-03-17
    status Pending 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  21. 2025-03-07
    price $123,900 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  22. 2025-03-04
    status Active 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  23. 2025-02-23
    status Pending 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  24. 2025-02-12
    price $125,000 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  25. 2025-01-31
    status Active 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  26. 2025-01-24
    status Pending 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  27. 2025-01-08
    price $127,000 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  28. 2025-01-02
    price $129,555 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  29. 2024-12-18
    price $134,900 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  30. 2024-12-03
    listed $139,900 Active 429-char remark
    Show marketing remark (429 chars)

    Step inside this newly updated & affordable East side gem! This home has beautiful granite countertops, a stunning full tiled & completely new bathroom, a newer roof, brand new water heater, newer vinyl windows, furnace & central AC! With two bedrooms that are of generous size on the second floor and a large storage room. Don't miss this opportunity with the major updates this home has at such an unbeatable price!

  31. 2024-11-01
    soldstatus $61,000 Closed
    Show marketing remark (113 chars)

    Great investment opportunity!MULTIPLE OFFERS RECEIVED! BEST AND FINAL OFFERS DUE BY 8:00PM WEDNESDAY OCTOBER 9TH.

  32. 2024-10-12
    status Pending
    Show marketing remark (113 chars)

    Great investment opportunity!MULTIPLE OFFERS RECEIVED! BEST AND FINAL OFFERS DUE BY 8:00PM WEDNESDAY OCTOBER 9TH.

  33. 2024-10-07
    listed $45,000 Active
    Show marketing remark (113 chars)

    Great investment opportunity!MULTIPLE OFFERS RECEIVED! BEST AND FINAL OFFERS DUE BY 8:00PM WEDNESDAY OCTOBER 9TH.

  34. 2024-01-24
    historical
  35. 2023-11-14
    listed
  36. 2021-04-29
    historical
  37. 2021-04-13
    listed $119,900 Active
  38. 2020-11-04
    soldstatus $45,000 Sold
  39. 2020-10-16
    status Pending
  40. 2020-10-10
    price $59,900
  41. 2020-10-09
    listed $67,500 Active
  42. 2020-01-10
    soldstatus $39,500 Sold
  43. 2019-12-24
    status Pending
  44. 2019-12-07
    listed $45,000 Active
  45. 2019-11-26
    status Active
  46. 2019-11-26
    historical
  47. 2019-06-25
    status Pending
  48. 2019-05-31
    price $52,500
  49. 2019-05-17
    price $55,000
  50. 2019-04-26
    price $59,900

ⓘ 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
$731 · $61/mo
Projected year-2 tax
$897 · $75/mo
Expected delta
+$166/yr (+$14/mo · 22.6%)

ⓘ 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
$15,861
− Mortgage interest
−$7,002
− Property taxes
−$731
− Insurance
−$625
− Repairs & maintenance
−$1,269
− Management
−$1,269
− Depreciation
−$3,636
Taxable income
$1,329
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$319
After-tax cash flow
$2,989/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
48.4% rent · 51.6% 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

Price history

+279.9% since first listed
47 events — show timeline
  • 2026-06-13 Price Changed $125,000 MIBOR as Distributed by MLS Grid
  • 2026-06-08 Price Changed $128,000 MIBOR as Distributed by MLS Grid
  • 2026-06-07 Price Changed $130,000 MIBOR as Distributed by MLS Grid
  • 2026-04-28 Price Changed $135,000 MIBOR as Distributed by MLS Grid
  • 2026-04-27 Listed $235,000 MIBOR as Distributed by MLS Grid
  • 2025-05-06 Sold (MLS) $128,900 MIBOR as Distributed by MLS Grid
  • 2025-04-02 Pending MIBOR as Distributed by MLS Grid
  • 2025-03-27 Relisted MIBOR as Distributed by MLS Grid
  • 2025-03-17 Pending MIBOR as Distributed by MLS Grid
  • 2025-03-07 Price Changed $123,900 MIBOR as Distributed by MLS Grid
  • 2025-03-04 Relisted MIBOR as Distributed by MLS Grid
  • 2025-02-23 Pending MIBOR as Distributed by MLS Grid
  • 2025-02-12 Price Changed $125,000 MIBOR as Distributed by MLS Grid
  • 2025-01-31 Relisted MIBOR as Distributed by MLS Grid
  • 2025-01-24 Pending MIBOR as Distributed by MLS Grid
  • 2025-01-08 Price Changed $127,000 MIBOR as Distributed by MLS Grid
  • 2025-01-02 Price Changed $129,555 MIBOR as Distributed by MLS Grid
  • 2024-12-18 Price Changed $134,900 MIBOR as Distributed by MLS Grid
  • 2024-12-03 Listed $139,900 MIBOR as Distributed by MLS Grid
  • 2024-11-01 Sold (MLS) $61,000 MIBOR as Distributed by MLS Grid
  • 2024-10-12 Pending MIBOR as Distributed by MLS Grid
  • 2024-10-07 Listed $45,000 MIBOR as Distributed by MLS Grid
  • 2024-01-24 Rental Removed RENTLY
  • 2023-11-14 Listed for Rent RENTLY
  • 2021-04-29 Listing Removed MIBOR as Distributed by MLS Grid
  • 2021-04-13 Listed $119,900 MIBOR as Distributed by MLS Grid
  • 2020-11-04 Sold (MLS) $45,000 MIBOR as Distributed by MLS Grid
  • 2020-10-16 Pending MIBOR as Distributed by MLS Grid
  • 2020-10-10 Price Changed $59,900 MIBOR as Distributed by MLS Grid
  • 2020-10-09 Listed $67,500 MIBOR as Distributed by MLS Grid
  • 2020-01-10 Sold (MLS) $39,500 MIBOR as Distributed by MLS Grid
  • 2019-12-24 Pending MIBOR as Distributed by MLS Grid
  • 2019-12-07 Listed $45,000 MIBOR as Distributed by MLS Grid
  • 2019-11-26 Relisted MIBOR as Distributed by MLS Grid
  • 2019-11-26 Listing Removed MIBOR as Distributed by MLS Grid
  • 2019-06-25 Pending MIBOR as Distributed by MLS Grid
  • 2019-05-31 Price Changed $52,500 MIBOR as Distributed by MLS Grid
  • 2019-05-17 Price Changed $55,000 MIBOR as Distributed by MLS Grid
  • 2019-04-26 Price Changed $59,900 MIBOR as Distributed by MLS Grid
  • 2019-04-25 Listed $60,000 MIBOR as Distributed by MLS Grid
  • 2004-05-12 Sold (MLS) $28,675 MIBOR as Distributed by MLS Grid
  • 2004-03-05 Listed $31,000 MIBOR as Distributed by MLS Grid
  • 2000-09-21 Sold (Public Records) $36,610 Public Records
  • 2000-09-05 Sold (MLS) $35,900 MIBOR as Distributed by MLS Grid
  • 2000-07-27 Listed $34,900 MIBOR as Distributed by MLS Grid
  • 2000-07-20 Listing Removed MIBOR as Distributed by MLS Grid
  • 2000-03-22 Listed $32,900 MIBOR as Distributed by MLS Grid

Property tax history

+0.1%/yr

Latest (2025): $731 · -66.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…