12631 White Rabbit Dr, Indianapolis, IN 46235, USA
Fair
61/100This 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.
- 42% below area price per sqft
- $280k potential equity (52%)
- $270/mo positive cash flow
- Cap rate only 4.72%
- Neighborhood scores 58/100
Price vs. Market
ARV Assessment
Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $498k and $631k. The subject's 2,059 sqft and 3bd/2ba layout supports a midpoint estimate of $579k.
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Property presents in turnkey condition. Estimated rehab of $4k covers minor refresh and make-ready.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.
Rental Income
Median area rent is $1,800/mo based on 4 comps. Standard deviation $2,091/mo indicates varied pricing in the area.
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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.
Median + 25th/75th percentile of comparable Realtor.com rentals within 50.0 miles. Standard deviation: $2,091.
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