410 Maria Dr · Greenwood, IN 46143

$200,000

3 bd · 2.0 ba · 1,546 sqft · SingleFamily public records · 1 Days on market

Built 1978 0.28 ac lot Est $252k · 21% under

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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 +18.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.0/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 2 full bath, 1546 sq. ft. custom built ranch. Privacy fenced yard, living room and family room, wood burning fireplace, new interior and exterior paint, 2 year-old roof, lighting, and more. 2nd bath has a new tub surround, all appliances stay. Master has crown molding, walk-in closet plus a 2nd closet and shower. Eat-in kitchen with tile floors. Convenient to everything in Greenwood & access to I-65.

Key facts

• Flexible floor plan
• Eat in kitchen
• Walk in closet

Tags

• CUSTOM BUILT RANCH
• FLEXIBLE FLOOR PLAN
• WOOD BURNING FIREPLACE
• EAT IN KITCHEN
• WALK IN CLOSET
• PRIVACY FENCED YARD

Property features AI

Finance

• Other: Property classified as residential; Lot approximately 0.28 acres (1/4–1/2 acre)

Exterior

• Parking: Attached 2-car garage (484 sq ft)
• Utilities: Public water; Municipal sewer connected; Cable available
• Home design: Single-family residence; One story
• Construction: Brick and wood siding exterior; Crawl space foundation
• Exterior features: Covered patio; Full yard fencing; Storm sewer on lot

Interior

• Kitchen: Electric cooktop; Dishwasher; Microwave; Electric water heater
• Bedrooms: Primary bedroom with walk-in closet; Three bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level; Primary bathroom with full shower stall
• Heating & cooling: Forced air heating (electric); Central air conditioning
• Interior features: Attic with pull-down stairs; Vaulted ceilings; Eat-in kitchen; Smoke alarm; Wood-burning fireplace in great room
• Laundry & utility: Laundry room on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $204 ($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 $181k (9.6% below list).
• Recommended offer: $181k (9.6% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.5% in Greenwood — 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 73/100 on livability (#91 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Greenwood Community School Corporation (suburban): math 41% / reading 52% proficiency, ranked #88 of 301 in IN (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.9%/yr); 80 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,133 units permitted in Johnson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Johnson County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $180,756 (9.6% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.90% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.38%
• DSCR: 1.19
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $251,998
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
410 Maria Dr	0.00mi	3/2.0	1,546 (0%)	0mo	$174,155	$113	100
500 E Broadway St	0.33mi	3/2.0	1,560 (+1%)	3mo	$266,500	$171	81
500 E Pearl St	0.26mi	3/1.0	1,399 (-10%)	4mo	$234,900	$168	65
302 Academy St	0.43mi	3/2.0	1,664 (+8%)	2mo	$126,000	$76	65
656 Cielo Vista Dr	0.30mi	2/2.0 (-1)	1,692 (+9%)	2mo	$234,000	$138	64
558 Cielo Vista Dr	0.25mi	2/2.5 (-1)	1,698 (+10%)	4mo	$227,000	$134	62
290 Polk Manor Dr	0.21mi	3/2.0	1,332 (-14%)	8mo	$251,000	$188	61
180 N Brewer St	0.74mi	3/2.0	1,560 (+1%)	8mo	$290,000	$186	58
609 E Broadway Dr	0.32mi	3/1.0	1,384 (-10%)	9mo	$220,000	$159	56
72 W Broadway St	0.61mi	4/1.5 (+1)	1,624 (+5%)	9mo	$265,000	$163	49
25 S Meridian St	0.54mi	2/2.0 (-1)	1,722 (+11%)	4mo	$189,000	$110	47
174 Country Aire Ln	0.72mi	3/2.0	1,359 (-12%)	4mo	$238,000	$175	43

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 · 1.95% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.62×
• Total profit: $-21,350
• Equity at exit: $29,821

10-year hold

• IRR: -2.7%
• Equity multiple: 0.83×
• Total profit: $-9,706
• Equity at exit: $17,292

Cash invested: $56,000 (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 46143

• Rents YoY: 1.9%
• Active inventory: 80
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,808 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$91 /mo · $1,097/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $204

Break-even live

Break-even rent $1,549

Max offer price $200,000

Occupancy floor 84%

Sensitivity live

Price	-10% $318	-5% $261	+0% $204	+5% $148	+10% $91
Rent	-10% $62	-5% $133	+0% $204	+5% $276	+10% $347
Rate	-1.0pp $305	-0.5pp $255	base $204	+0.5pp $153	+1.0pp $100

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
610 Paradise Ct Greenwood, IN	1.0–2.0	1.0–2.5	868	$1,699	$1.96	3d	26	0.71mi
700 Bexley Pl Greenwood, IN	1.0–2.0	1.0–2.0	876	$2,691	$3.07	2d	12	0.85mi
902 Wallington Cir Greenwood, IN	1.0–3.0	1.0–1.5	899	$1,673	$1.86	3d	21	0.90mi
1201 Carson Way Greenwood, IN	2.0	1.0–2.0	740	$1,410	$1.91	24d	20	0.95mi
1245 Kenwood Dr Greenwood, IN	3.0	2.5	1986	$1,935	$0.97	5d	1	1.05mi
1285 Kenwood Dr Greenwood, IN	3.0	2.5	1470	$1,755	$1.19	24d	1	1.07mi
1146 Freemont Ln Greenwood, IN	3.0	2.5	1742	$2,060	$1.18	5d	1	1.08mi
1225 Freemont Ln Greenwood, IN	3.0	2.5	1304	$1,750	$1.34	11d	1	1.11mi
370 Homestead Ave Greenwood, IN	1.0–3.0	1.0–2.0	1135	$2,275	$2.00	2d	26	1.15mi
1570 Countryside Dr Greenwood, IN	1.0–3.0	1.0–2.5	946	$1,740	$1.84	21d	1	1.17mi
614 Park Madison Dr Greenwood, IN	2.0	2.0	1150	$1,250	$1.09	11d	1	1.20mi
1318 Crescent Dr Greenwood, IN	3.0	2.5	1747	$1,600	$0.92	24d	1	1.27mi
1335 Millridge Dr Greenwood, IN	3.0	2.0	1119	$1,715	$1.53	5d	1	1.30mi
1284 Edgewater Dr Greenwood, IN	3.0	2.5	1304	$1,781	$1.37	24d	1	1.30mi
1043 Mikes Way Greenwood, IN	3.0	2.0	1090	$1,650	$1.51	45d	1	1.46mi
968 Greenwood Trl W Greenwood, IN	2.0	2.0	1088	$1,475	$1.36	13d	1	1.50mi

Listing history 6 events

1. 2026-05-21
   listed $200,000 Active
2. 2019-01-02
   soldstatus $160,000 Sold 423-char remark

   Show marketing remark (423 chars)

   3 bedroom, 2 full bath, 1546 sq. ft. custom built ranch. Privacy fenced yard, living room and family room, wood burning fireplace, new interior and exterior paint, 2 year-old roof, lighting, and more. 2nd bath has a new tub surround, all appliances stay. Master has crown molding, walk-in closet plus a 2nd closet and shower. Eat-in kitchen with tile floors. Convenient to everything in Greenwood & access to I-65.

3. 2018-11-08
   status Pending 423-char remark

   Show marketing remark (423 chars)

   3 bedroom, 2 full bath, 1546 sq. ft. custom built ranch. Privacy fenced yard, living room and family room, wood burning fireplace, new interior and exterior paint, 2 year-old roof, lighting, and more. 2nd bath has a new tub surround, all appliances stay. Master has crown molding, walk-in closet plus a 2nd closet and shower. Eat-in kitchen with tile floors. Convenient to everything in Greenwood & access to I-65.

4. 2018-11-02
   listed $165,000 Active 423-char remark

   Show marketing remark (423 chars)

   3 bedroom, 2 full bath, 1546 sq. ft. custom built ranch. Privacy fenced yard, living room and family room, wood burning fireplace, new interior and exterior paint, 2 year-old roof, lighting, and more. 2nd bath has a new tub surround, all appliances stay. Master has crown molding, walk-in closet plus a 2nd closet and shower. Eat-in kitchen with tile floors. Convenient to everything in Greenwood & access to I-65.

5. 2002-07-26
   soldstatus $134,500 452-char remark

   Show marketing remark (452 chars)

   ENJOY LUXURIOUS LIVING AT AN AFFORDABLE PRICE!! BUY NOW FOR SUMMER FUN!! HEATED IN-GROUND POOL W/FULLY AUTOMATIC COVER! FULL PRIVACY FENCE IN BACK YARD. LANDSCAPING AROUND PATIO! VAULTED CLG IN GR W/WOOD BURNING FIREPLA CE. SEP DR W/WET BAR (EXCLUDE BOTH REFRIG.) COULD BE USED AS DEN/OFFICE! CROWN MOLDING THROUGHOUT! MSTR BATH W/STEAM SHOWER! SPACIOUS CLOSETS THROUGHOUT! EAT-IN KITCH W/CERAMIC FLOORS! GREAT LOCATION! CLOSE TO GOLF & SHO PPING!!

6. 2002-03-12
   listed $141,000 452-char remark

   Show marketing remark (452 chars)

   ENJOY LUXURIOUS LIVING AT AN AFFORDABLE PRICE!! BUY NOW FOR SUMMER FUN!! HEATED IN-GROUND POOL W/FULLY AUTOMATIC COVER! FULL PRIVACY FENCE IN BACK YARD. LANDSCAPING AROUND PATIO! VAULTED CLG IN GR W/WOOD BURNING FIREPLA CE. SEP DR W/WET BAR (EXCLUDE BOTH REFRIG.) COULD BE USED AS DEN/OFFICE! CROWN MOLDING THROUGHOUT! MSTR BATH W/STEAM SHOWER! SPACIOUS CLOSETS THROUGHOUT! EAT-IN KITCH W/CERAMIC FLOORS! GREAT LOCATION! CLOSE TO GOLF & SHO PPING!!

ⓘ 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: $1,097 · $91/mo
• Projected year-2 tax: $1,398 · $117/mo
• Expected delta: +$302/yr (+$25/mo · 27.5%)

ⓘ 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 ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,691
• − Mortgage interest: −$11,203
• − Property taxes: −$1,097
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,735
• − Management: −$1,735
• − Depreciation: −$5,818
• Taxable loss: −$898
• Est. tax savings @ 24.0%: +$216
• After-tax cash flow: $2,668/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: Greenwood Community School Corporation
• NCES district ID: 1804110
• Math proficiency: 41% ▼ -12.00%
• Reading proficiency: 52% ▼ -7.00%
• Median HH income: $48,589
• Composite: 39.71/100
• National rank: #3902
• State rank: #88 of 301 in IN

Livability — Greenwood

• Score: 73/100
• State rank: #91
• US rank: #5255

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment B Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenwood, IN
• County: Johnson County · 154,261 people
• City population: 96,151
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 61,803
• Household income: $91,496
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 1513.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 170,080 people
• By 2030: 179,983 · +5.8%
• By 2040: 198,580 · +16.8%
• By 2050: 214,661 · +26.2%
• By 2075: 247,990 · +45.8%
• By 2100: 257,821 · +51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Asian 8% Black 5% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Slovak 3% Romanian 2% Lithuanian 1%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 88% English-only · Other Indo-European 6% Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Johnson

• 2024 margin: Solid R (+34.3) · D 32.0% · R 66.3% · Other 1.7%
• 2008→2024 swing: -8.9pp toward R · 2008: -25.5pp · 2024: -34.3pp
• All cycles: 2024: R+34.3 2020: R+34.1 2016: R+42.5 2012: R+38.5 2008: R+25.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -206.72%
• Current HPI: 204.3161
• Rent YoY: ▲ 1.95%
• 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

+23.5% since first listed

8 events — show timeline

• 2026-06-09 Sold (MLS) $174,155 MIBOR as Distributed by MLS Grid
• 2026-05-23 Pending — MIBOR as Distributed by MLS Grid
• 2026-05-21 Listed $200,000 MIBOR as Distributed by MLS Grid
• 2019-01-02 Sold (MLS) $160,000 MIBOR as Distributed by MLS Grid
• 2018-11-08 Pending — MIBOR as Distributed by MLS Grid
• 2018-11-02 Listed $165,000 MIBOR as Distributed by MLS Grid
• 2002-07-26 Sold (MLS) $134,500 MIBOR as Distributed by MLS Grid
• 2002-03-12 Listed $141,000 MIBOR as Distributed by MLS Grid

Property tax history

+0.0%/yr

Latest (2024): $1,097 · -4.1% YoY. Source: county tax records.