3672 N Mitchner Ave, Indianapolis, IN 46226, USA
Fair
57/100This 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.
- 23% below area price per sqft
- $39k potential equity (24%)
- $185/mo positive cash flow
- Cap rate only 5.56%
- Neighborhood scores 62/100
Price vs. Market
ARV Assessment
After full renovation, the ARV range for the subject property is estimated to be between $124,980 and $197,660 based on selected comparables.
2 more details
Property presents in moderate condition. Estimated rehab of $3k covers kitchen, baths, and systems.
Sales-comparison approach using 6 live sold comps from Realtor.com (filtered from 10 candidates), evaluated by LLM for proximity, recency, and renovation quality.
Comparable Sales
6 comps
Rental Income
Median area rent is $4,000/mo based on 2 comps. Standard deviation $2,121/mo indicates varied pricing in the area.
2 more details
Based on 2 comparable rentals within 50.0 miles of similar houses, monthly rents range from $2,500 (25th percentile) to $5,500 (75th percentile), with a median of $4,000.
Median + 25th/75th percentile of comparable Realtor.com rentals within 50.0 miles. Standard deviation: $2,121.
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