Breckenridge Plan · Indianapolis city (balance), IN 46239

$365,990

4 bd · 2.5 ba · 3,135 sqft · SingleFamily · 41 Days on market

Excellent condition

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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 +8.0/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Schools +4.5/10.0
• Rent growth +4.0/5.0
• Livability +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

The Breckenridge home design by Fischer Homes offers a distinctive layout that blends open communal areas with adaptable spaces designed to support everyday living and personal routines. This plan strategically places key living areas so that shared spaces feel welcoming and accessible, while private rooms offer opportunities for rest or focused activity. With 4 to 5 bedrooms and 2.5 to 3.5 baths spread across 3,135 to 3,156 square feet in a two-story layout, the overall composition of the floorplan encourages a sense of coherence while allowing flexibility in how the home is used.

Key facts

• Adaptable spaces
• Distinctive layout
• Key living areas

Tags

• DISTINCTIVE LAYOUT
• OPEN COMMUNAL AREAS
• ADAPTABLE SPACES
• KEY LIVING AREAS
• PRIVATE ROOMS
• DEDICATED WORKSPACE

🏗️ New construction. The $365,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $371,544.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $366k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-385 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $316k (13.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $276k (24.5% below list).
• Recommended offer: $276k (24.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Franklin Township Community School Corporation (urban): math 42% / reading 47% proficiency, ranked #87 of 301 in IN (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Franklin Central Junior High (math 31% / reading 40%, grade F, #162 of 330 statewide, top 49%, 1,711 students, 51% FRL); Franklin Central High School (math 41% / reading 69%, grade C, #77 of 369 statewide, top 21%, 3,319 students, 46% FRL) — zoned schools average 48% FRL vs 29% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.1%/yr); 502 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 74d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
• This rent runs 33% of the median local income ($100k/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 $3k of loan paydown is wiped out by about $11k 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 41 days — a 3% lower offer ($355k) is reasonable based on typical stale-listing flexibility.

Recommended offer $276,325 (24.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.74% ✗
• Cap rate: 5.05%
• Cash-on-cash: -4.44%
• DSCR: 0.80
• GRM: 11.2

CMA / ARV

• ARV (median comp): $371,544
• List price: $365,990
• Delta: -1.49%
• 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
4825 Hittle Dr	0.57mi	3/3.0 (-1)	3,159 (+1%)	3mo	$495,000	$157	63
4729 Hittle Dr	0.63mi	4/2.0	3,041 (-3%)	3mo	$235,000	$77	61
8963 Faulkner Dr	0.68mi	5/3.0 (+1)	3,143 (+0%)	6mo	$394,900	$126	56
5232 Jacaranda Dr	0.65mi	5/3.5 (+1)	3,247 (+4%)	0mo	$504,500	$155	54
5539 Flat Hill Dr	0.73mi	5/3.5 (+1)	3,062 (-2%)	0mo	$419,378	$137	53
9126 Steinbeck Ln	0.60mi	5/3.5 (+1)	3,062 (-2%)	8mo	$410,000	$134	53
9114 Steinbeck Ln	0.62mi	5/3.5 (+1)	3,388 (+8%)	6mo	$419,000	$124	44
9132 Steinbeck Ln	0.59mi	5/3.5 (+1)	3,388 (+8%)	9mo	$418,275	$123	43
9102 Steinbeck Ln	0.64mi	5/3.5 (+1)	3,388 (+8%)	6mo	$426,900	$126	43
9059 Steinbeck Ln	0.67mi	5/3.5 (+1)	3,388 (+8%)	11mo	$440,000	$130	37
5558 Tart Blvd	0.67mi	5/3.5 (+1)	3,388 (+8%)	11mo	$447,000	$132	37
9018 Faulkner Dr	0.61mi	5/3.5 (+1)	3,534 (+13%)	11mo	$400,000	$113	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 · 6.11% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.27×
• Total profit: $-75,750
• Equity at exit: $55,398

10-year hold

• IRR: -7.9%
• Equity multiple: 0.44×
• Total profit: $-58,340
• Equity at exit: $32,124

Cash invested: $104,032 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 88 active · 29 under contract
• Months of supply: 13.9 mo (7%/mo absorbed)
• Median asking: $416,982 ($142/sqft)
• Median days on market: 61 d
• This list price: 12% of active listings are priced below it
• ARV vs active asking: -16.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 46239

• Home prices YoY: -29.2%
• Rents YoY: 6.1%
• Active inventory: 502
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,763 high
• Mortgage (P&I): −$1,948
• Tax est. 1.5%: −$464 /mo · $5,573/yr
• Insurance: −$155
• HOA: −$0
• Vacancy / Maint / Mgmt: −$580
• Net cashflow: $-385

Break-even live

Break-even rent $3,250

Max offer price $315,879

Occupancy floor —

Sensitivity live

Price	-10% $-128	-5% $-256	+0% $-385	+5% $-513	+10% $-641
Rent	-10% $-603	-5% $-494	+0% $-385	+5% $-276	+10% $-166
Rate	-1.0pp $-198	-0.5pp $-290	base $-385	+0.5pp $-481	+1.0pp $-579

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: $92,886
• Closing costs: $11,146
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4613 Bethel Cove Dr Indianapolis, IN	3.0	3.0	2362	$2,750	$1.16	9d	1	0.57mi
4308 Blue Note Dr Indianapolis, IN	4.0	4.0	4076	$3,150	$0.77	98d	1	0.89mi
4308 Blue Note Dr Indianapolis, IN	4.0	4.0	4076	$2,995	$0.73	73d	1	0.89mi
4242 Indigo Walk Ln Indianapolis, IN	5.0	3.0	2787	$2,200	$0.79	67d	1	0.89mi
8709 Rowling Way Indianapolis, IN	5.0	3.5	3250	$2,600	$0.80	119d	1	0.96mi
8644 Hornady Dr Indianapolis, IN	3.0	2.5	2238	$2,371	$1.06	4d	1	1.03mi

Property features AI

Finance

• Other: Status: ActiveInventory type: Plan
• Financial info: List price: $365,990

Exterior

• Home design: Single-family home (Breckenridge plan)Address: 9570 Jadestone Way, Indianapolis, IN 46239
• Exterior features: Living area of 3,135

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Interior features: Plan: Breckenridge (new construction plan)

Listing history 50 events

1. 2026-09-23
   days on market $365,990 Active 41 DOM
2. 2026-09-22
   days on market $365,990 Active 40 DOM
3. 2026-09-21
   days on market $365,990 Active 39 DOM
4. 2026-09-20
   days on market $365,990 Active 38 DOM
5. 2026-09-19
   days on market $365,990 Active 37 DOM
6. 2026-09-18
   days on market $365,990 Active 36 DOM
7. 2026-09-17
   days on market $365,990 Active 35 DOM
8. 2026-09-16
   days on market $365,990 Active 34 DOM
9. 2026-09-15
   days on market $365,990 Active 33 DOM
10. 2026-09-14
    days on market $365,990 Active 32 DOM
11. 2026-09-13
    days on market $365,990 Active 31 DOM
12. 2026-09-12
    days on market $365,990 Active 30 DOM
13. 2026-09-11
    days on market $365,990 Active 29 DOM
14. 2026-09-05
    days on market $365,990 Active 23 DOM
15. 2026-09-04
    days on market $365,990 Active 22 DOM
16. 2026-09-03
    days on market $365,990 Active 21 DOM
17. 2026-08-31
    days on market $365,990 Active 18 DOM
18. 2026-08-30
    days on market $365,990 Active 17 DOM
19. 2026-08-29
    days on market $365,990 Active 16 DOM
20. 2026-08-28
    days on market $365,990 Active 15 DOM
21. 2026-08-27
    days on market $365,990 Active 14 DOM
22. 2026-08-26
    days on market $365,990 Active 13 DOM
23. 2026-08-25
    days on market $365,990 Active 12 DOM
24. 2026-08-24
    days on market $365,990 Active 11 DOM
25. 2026-08-23
    days on market $365,990 Active 10 DOM
26. 2026-08-22
    days on market $365,990 Active 9 DOM
27. 2026-08-21
    days on market $365,990 Active 8 DOM
28. 2026-08-20
    days on market $365,990 Active 7 DOM
29. 2026-08-19
    days on market $365,990 Active 6 DOM
30. 2026-08-18
    days on market $365,990 Active 5 DOM
31. 2026-08-17
    days on market $365,990 Active 4 DOM
32. 2026-08-16
    days on market $365,990 Active 3 DOM
33. 2026-08-15
    days on market $365,990 Active 2 DOM
34. 2026-08-14
    days on marketlisting id $365,990 Active 1 DOM
35. 2026-08-13
    days on market $365,990 Active 126 DOM
36. 2026-08-12
    days on market $365,990 Active 125 DOM
37. 2026-08-11
    days on market $365,990 Active 124 DOM
38. 2026-08-10
    days on market $365,990 Active 123 DOM
39. 2026-08-09
    days on market $365,990 Active 122 DOM
40. 2026-08-08
    days on market $365,990 Active 121 DOM
41. 2026-08-07
    days on market $365,990 Active 120 DOM
42. 2026-08-06
    days on market $365,990 Active 119 DOM
43. 2026-08-05
    days on market $365,990 Active 118 DOM
44. 2026-08-04
    days on market $365,990 Active 117 DOM
45. 2026-08-03
    days on market $365,990 Active 116 DOM
46. 2026-07-31
    days on market $365,990 Active 113 DOM
47. 2026-07-30
    days on market $365,990 Active 111 DOM
48. 2026-07-28
    days on market $365,990 Active 110 DOM
49. 2026-07-26
    days on market $365,990 Active 108 DOM
50. 2026-07-24
    days on market $365,990 Active 106 DOM

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

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 · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,159
• − Mortgage interest: −$20,812
• − Property taxes: −$5,573
• − Insurance: −$1,858
• − Repairs & maintenance: −$2,653
• − Management: −$2,653
• − Depreciation: −$10,809
• Taxable loss: −$11,198
• Est. tax savings @ 24.0%: +$2,688
• After-tax cash flow: $-1,929/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.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This Breckenridge plan by Fischer Homes is move-in ready with excellent condition and modern updates. It offers a spacious and customizable design for modern living.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers ↑
• Both Add a smart home system — Improves convenience and energy efficiency, appealing to modern buyers ↑

F Composite school gradezoned avg 45/100

Zoned Schools

Middle Franklin Central Junior High F IN #162/330 Nat'l #7,347/14,009 High Franklin Central High School C IN #77/369 Nat'l #4,413/17,239

Schools (NCES district)

• District: Franklin Township Community School Corporation
• NCES district ID: 1803750
• Math proficiency: 42% ▼ -12.00%
• Reading proficiency: 47% ▼ -6.00%
• Median HH income: $67,825
• Composite: 39.91/100
• National rank: #3852
• State rank: #87 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 · 1,025,572 people
• City population: 881,119
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 33,931
• Household income: $100,331
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 7% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 57% Black 24% Hispanic / Latino 9% Two or more races 9% Asian 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 7% · Canada, Philippines, China
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 2% Chinese 1%

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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: ▼ -93.15%
• Current HPI: 226.1965
• Rent YoY: ▲ 6.11%
• Metro: Indianapolis-Carmel-Anderson, IN
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

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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

Property features AI

Finance

• Other: Status: ActiveInventory type: Plan
• Financial info: List price: $365,990

Exterior

• Home design: Single-family home (Breckenridge plan)Address: 9570 Jadestone Way, Indianapolis, IN 46239
• Exterior features: Living area of 3,135

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Interior features: Plan: Breckenridge (new construction plan)