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19
Values slip to $353K, 41 comps deep
Updated just now • 5 new comps
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in the 46237 area. Based on local market data, you can expect a competitive monthly income ranging from $2,164 to $2,307, positioning it well within current neighborhood trends. With an estimated rental yield of approximately 7.45%, this home serves as a solid income-generating asset. The combination of steady demand and reliable appreciation rates makes it a smart addition for any real estate portfolio.
More about this home
Neighborhood Assessment
McFarland Farms in South Perry is a stable, owner-occupied southside Indianapolis neighborhood with mature trees, sidewalks, and community amenities like a pool and tennis. You’re in a low‑risk FEMA X flood zone with minimal fire and wind risk, which quietly supports long‑term value. Nearby 3–4 bed homes are generally in the mid‑$200Ks to low‑$300Ks, and your 2,660 sq ft tri‑level sits at the upper end of the area at about $360K. That reflects your extra space, basement, and finished garage, but also means buyers will compare you hard to smaller, cheaper options.
Market Activity
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Rental Income
$27K
Yield
7.5%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing your home enhances its appeal and keeps your property competitive. With a price per square foot rising from $144.53 to $146.78, this 1.56% increase shows that thoughtful refreshes help your space feel fresh, inviting, and current. Upgrades offer excellent lifestyle perks and help your property shine. With potential sale values reaching up to $403,000 and consistent rental appeal, investing in your home creates a more comfortable environment while maintaining long-term market desirability.
Value Add
$6K
Appreciation
$2K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $364,000 and $403,000. With a 2,660 square foot layout, the asset aligns well with local market demand, supporting a stable long-term value increase. Projected rental income reaches $2,198 monthly, yielding a 6.9% return. These figures suggest steady cash flow for an investor. Given the market trends, this property is a reliable option for building a sustainable rental portfolio.
Rental Income
$26K
Yield
6.9%
Appreciation
$2K
Year 1 Estimates, Post Typical Renovation
Estimated value
$360K
$7K over comp median
Comparative Market Analysis
$247K – $447K
~51 days to sell
Based on 8 comps
4549 Pepper Ct, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip