0out of 100
Fair

12631 White Rabbit Dr, Indianapolis, IN 46235, USA

Score Breakdown
Value35/40
Cash Flow13/35
Location9/25
$
$290,000
%
$58,000 cash at risk up front
57
12631 White Rabbit Dr, Indianapolis, IN 46235, USA
3 bd2 ba

Fair

57/100

This is a solid deal — priced below the local market with healthy equity after repairs. Watch that the rental yield is thin the neighborhood scores low.

Highlights
  • 43% below area price per sqft
  • $289k potential equity (55%)
  • $315/mo positive cash flow
Watch-outs
  • Cap rate only 4.87%
  • Neighborhood scores 58/100

Price vs. Market

Needs Work
Your offer
$141/sqft
Area avg
$114/sqft
24% above market average
Your offer
$290,000
At market rate
$234,726

ARV Assessment

GoodLive · LLM + comps
ARV Low
$319k
Est. ARV
$430k
ARV High
$541k
Total Investment
$290k
Est. ARV
$430k
Rehab Cost
$4k
Potential Equity
$140k
Comparable Reasoning

After full renovation, the subject property could sell for between $318,600 and $540,600 based on comparable sales in the area.

2 more details
Condition Assessment

Property presents in turnkey condition. Estimated rehab of $4k covers minor refresh and make-ready.

Methodology

Sales-comparison approach using 6 live sold comps from Realtor.com (filtered from 10 candidates), evaluated by LLM for proximity, recency, and renovation quality.

High confidence6 live sold comps

Comparable Sales

6 comps
6147 N Caraway Dr, McCordsville, IN
85% match
$390,000
$129/sqft
6147 N Caraway Dr, McCordsville, IN
5 4 3,0300.24 misold Mar 2026
6873 W Cedarwood Cir, McCordsville, IN
85% match
$401,000
$122/sqft
6873 W Cedarwood Cir, McCordsville, IN
4 2.5 3,3000.27 misold Jun 2026
6912 W Cedarwood Cir, McCordsville, IN
75% match
$262,000
$106/sqft
6912 W Cedarwood Cir, McCordsville, IN
4 2.5 2,4820.23 misold May 2019
5844 Cherrywood Ln, McCordsville, IN
85% match
$330,000
$152/sqft
5844 Cherrywood Ln, McCordsville, IN
4 2.5 2,1720.31 misold Mar 2026
6069 N Cedarwood Dr, McCordsville, IN
75% match
$402,500
$84/sqft
6069 N Cedarwood Dr, McCordsville, IN
5 3.5 4,7820.31 misold Jan 2026
6159 N Caraway Dr, McCordsville, IN
75% match
$271,341
$91/sqft
6159 N Caraway Dr, McCordsville, IN
5 3 2,9950.24 misold Jul 2019
ARV & comps — see the full analysis on Offa

Rental Income

FairLive · 4 comps
25th pct
$1,090
Median /mo
$1,800
75th pct
$5,500
Monthly Rent
$1,800
Annual Rent
$22k
Rental Yield
7.5%
Cap Rate
4.1%
Market Assessment

Median area rent is $1,800/mo based on 4 comps. Standard deviation $2,091/mo indicates varied pricing in the area.

2 more details
Comparable Reasoning

Based on 4 comparable rentals within 50.0 miles of similar houses, monthly rents range from $1,090 (25th percentile) to $5,500 (75th percentile), with a median of $1,800.

Methodology

Median + 25th/75th percentile of comparable Realtor.com rentals within 50.0 miles. Standard deviation: $2,091.

Based on 4 rental comps within 50.0 mi · σ $2,091
Rental analysis — see the full analysis on Offa

Financing Calculator

Needs WorkLive rate · Freddie Mac
Using the current 6.49% 30-yr fixed national average (as of 2026-07-09). Adjust below to match your quote.
Price
$290,000
Loan
$232,000
$58,000
%
%
↓ Monthly Costs
↑ Income Potential
Principal + Interest$1,465/mo
Estimated Rent$1,800/mo
Taxes + Insurance$360/mo
Cash-on-Cash Return-0.48%
Total Payment
$1,825/mo
Monthly Cash Flow
$-25/mo
Negative cash flow: $25/mo
Monthly expenses exceed rental income. Consider a lower offer, larger down payment, or higher rent.

Neighborhood Profile

Needs WorkLive Data
DTier
Developing Neighborhood36/100
Composite socioeconomic score
Median Income
$56k
Median Home
$169k
Median Rent
$923/mo
Homeownership
52.66%
Vacancy
11.64%
Population
35,897
Score Breakdown
Income & Wealth
33
Housing Market
32
Education
23
Employment
44
Stability
40
Infrastructure
81
Neighborhood data — see the full analysis on Offa

City Population

GoodLive Data
Indianapolis, IN
10-year population trend
+5.6% / decade
City Population
882,043
Density / sq mi
2,443
Area (sq mi)
361
Within 1 Mile
6,913
1-Mile Density
2,201
Trend Years
2014–2023

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