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17
Values down 2.6%, 39 comps reflect $133K
Updated 5 days ago • 10 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with estimated monthly income ranging from 1,308 to 1,378. These figures highlight a healthy market demand, supported by an attractive estimated gross rental yield of approximately 12.59 percent annually. Given current market trends, this unit is well-positioned for investors seeking consistent cash flow in the area. With median rents for similar homes landing around 1,341, the property remains a highly competitive option for prospective tenants.
More about this home
Neighborhood Assessment
Lawrence Manor's in a solid spot near I-465, making commutes a breeze to shopping and parks. Comp homes on Wellington Ave are zestimating ~$150K, higher than this $128K 3-bed/1-bath listing—suggests good value. Schools rate average at 3/10, walkability's fair with sidewalks, but no big developments popping. Steady neighborhood values show stability, you know? Risks are low: minimal flood/fire, moderate heat/air. Taxes ~$2.1K yearly. It's a classic 1955 ranch on 7.4K sqft lot with garage—prime for updates to match comps.
Market Activity
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4761 Wellington Ave, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip
Rental Income
$16K
Yield
12.6%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your price per square foot from 160 to 170. This reflects a 6 percent gain in worth, helping your property shine in a crowded market and attracting quality buyers. Beyond price, these improvements increase your home’s overall market reach. With potential rental income climbing, this investment creates a more versatile, high-performing asset that enhances both your daily lifestyle and your long-term financial freedom.
Value Add
$8K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $141,000 and $155,000. Investors can expect a reliable monthly rental income of $1,362, supporting a healthy projected gross yield of 11.0%. The market metrics indicate a stable opportunity for value-add repositioning. With a projected annual income of $16,350 and strong rental demand, this investment provides a balanced risk-to-reward ratio for long-term portfolio growth and cash flow.
Rental Income
$16K
Yield
11.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$128K
$5.2K below comp median
Comparative Market Analysis
$108K – $175K
~48 days to sell
Based on 8 comps