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30
Rent climbs to $2,021; 41 comps back
Updated yesterday
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with estimated monthly income ranging between $1,936 and $2,112. These figures align well with the local market, making it a solid choice for generating consistent cash flow. Investors can expect a healthy rental yield of approximately 7.6%, supported by an annual market appreciation rate of 3.8%. This combination of steady income and value growth creates a compelling opportunity for long-term portfolio stability.
More about this home
Neighborhood Assessment
Orchard Park/Home Place is a sweet spot between Carmel and Indianapolis, and it’s clearly benefiting from Carmel’s growth. You’re near the Monon Trail, Monon Center, and a growing mix of restaurants and retail, plus strong Carmel Clay schools. That combo makes this 3-bed, 2-bath, 1.3K sqft ranch very liquid for resale. Nearby comps mostly sit in the low-to-mid 300Ks, some larger homes pushing closer to 380K, which helps support your current 319K list but also explains the price cuts. The big.35 acre lot, mature trees and no HOA fee are quiet value drivers that renters and buyers in this area really respond to.
Market Activity
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Rental Income
$24K
Yield
7.6%
Appreciation
$12K
Year 1 Estimates
Fix-and-Flip
Fresh updates transform a home, creating a modern feel that attracts buyers. While the price per square foot remains stable at roughly $256, these improvements help properties shine, potentially reaching a sale value of $345,000. Investing in these refreshes enhances your lifestyle and boosts rent potential toward $2,000 monthly. This approach ensures your property feels current and inviting, making it a reliable way to add lasting appeal and comfort to your home.
Value Add
$15
Appreciation
$12K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $312,000 and $345,000. These figures align well with neighborhood comps, providing a solid foundation for building equity through strategic interior and exterior updates. The investment delivers a reliable monthly rental income of $2,004, resulting in a 7.3% yield. With consistent demand in the area, this asset presents a practical opportunity for long-term cash flow and steady market appreciation.
Rental Income
$24K
Yield
7.3%
Appreciation
$12K
Year 1 Estimates, Post Typical Renovation
Asking price
$315K
$21.8K below comp median
Comparative Market Analysis
$265K – $375K
~86 days to sell
Based on 8 comps
1526 Orchard Park Dr N, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip