OFF_MARKETRisky Deal118 days on market
5506 Kessler Boulevard North Dr
5506 Kessler Boulevard North Dr, Indianapolis, IN 46228, Indianapolis, IN 46228
5506 Kessler Boulevard North Dr, Indianapolis, IN 46228
Loc: Indianapolis, IN
Days Listed
118
Tax Assessed
$414k
Zestimate®
$395k
Market Rate
Lot Size
0.69 acres
Rent Estimate
$2,747/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Crooked Creek Elementary School
K-5
0.9 mi away
6
Westlane Middle School
6-8
2.8 mi away
6
North Central High School
9-12
6 mi away
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit
Haven AI Verdict
Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
5.16%
Total ROI
70.9%
Cash Flow
$-357/mo
DSCR
0.83
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Data provided by Haven AI. Disclaimer
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-27 | Sold | $395,000 | $139 |
| 2026-03-05 | Pending sale | $400,000 | $141 |
| 2026-02-20 | Listed for sale | $400,000 | $141 |
| 2026-02-16 | Pending sale | $400,000 | $141 |
| 2026-01-15 | Price change | $400,000 | $141 |
| 2025-11-19 | Price change | $415,000 | $146 |
| 2025-10-31 | Listed for sale | $445,000 | $156 |
| 2025-10-27 | Listing removed | $450,000 | $158 |
| 2025-10-10 | Price change | $450,000 | $158 |
| 2025-09-15 | Price change | $455,000 | $160 |
| 2025-08-18 | Listed for sale | $465,000 | $164 |
| 2025-07-31 | Listing removed | $480,000 | $169 |
| 2025-06-17 | Price change | $480,000 | $169 |
| 2025-06-04 | Listed for sale | $485,000 | $171 |
| 2020-08-31 | Sold | $300,000 | $105 |
| 2020-07-20 | Pending sale | $299,900 | $105 |
| 2020-07-17 | Price change | $299,900 | $105 |
| 2020-07-07 | Listed for sale | $309,900 | $109 |
| 2020-02-04 | Sold | $90,000 | $32 |
| 2017-05-31 | Sold | $122,500 | $43 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,073.14 | $413,900 |
| 2024 | $4,775.92 | $375,700 |
| 2023 | $4,730.64 | $367,100 |
| 2022 | $4,153.78 | $344,500 |
| 2021 | $2,893.46 | $308,600 |
| 2020 | $4,625.84 | $230,200 |
| 2019 | $4,705.04 | $198,000 |
| 2018 | $7,081.35 | $206,000 |
| 2017 | $4,560.62 | $210,300 |
| 2016 | $4,109.06 | $208,600 |
| 2014 | $4,080.98 | $201,000 |
| 2013 | $1,656.22 | $171,500 |
| 2012 | $1,656.22 | $180,900 |
| 2011 | $0 | $189,800 |
| 2010 | $1,656.48 | $189,800 |
| 2009 | $1,379.9 | $183,700 |
| 2007 | $0 | $183,700 |
| 2006 | $0 | $192,300 |
| 2005 | $0 | $146,100 |
| 2004 | $0 | $146,100 |
| 2003 | $0 | $146,100 |
| 2002 | $0 | $93,900 |
| 2001 | $0 | $31,300 |
| 2000 | $0 | $31,300 |
Institutional Underwriting Ledger
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Data Sources:MLS List Price: $400,000Rent Basis: Observed Comp Model ($2,747/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $117/mo
Haven ScoreRisky
1/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
5.16%
NOI: $20,626/yr
Cash-on-Cash Yield
-4.7%
On $92,000 invested
DSCR Ratio
0.83x
Negative debt coverage
5-Yr Leveraged ROI
+70.9%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.81% of basis)-$279/mo
Homeowner / Hazard Insurance-$117/mo
Vacancy Reserve (5% of rent)-$137/mo
Repairs & Maintenance (10% of rent)-$275/mo
Property Management (8% of rent)-$220/mo
Total Pure Operating Expenses-$1,028/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,747/mo
Less: Operating Expenses-$1,028/mo
Net Operating Income (NOI)+$1,719/mo
Less: Debt Service (30yr @ 6.75%)-$2,076/mo
Net Cash Flow
$-357/mo
$-4,280/year
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