OFF_MARKETExcellent Deal9 days on market

2820 E 98th St

2820 E 98th St, Indianapolis, IN 46280, Indianapolis, IN 46280
$409,900
Zestimate®:$385,200

Listing Price

Property image 1
2820 E 98th St, Indianapolis, IN 46280
Loc: Indianapolis, IN
Days Listed
9
Tax Assessed
$292k
Zestimate®
$385k
Market Rate
Lot Size
0.50 acres
Rent Estimate
$2,118/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.

9

Forest Dale Elementary School

PK-5
0.9 mi away
8

Carmel Middle School

6-8
3.5 mi away
10

Carmel High School

9-12
3.4 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
7.49%
Total ROI
27.1%
Cash Flow
$487/mo
DSCR
1.23
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Checking Access...

Haven AI

Analyzing property data...

Checking Access...

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-06-01Listing removed$389,999$233
2026-05-29Price change$389,999$233
2026-05-18Price change$399,900$239
2026-05-11Price change$409,900$245
2026-05-04Listed for sale$429,999$257
2022-05-16Sold$275,000$164
2018-04-02Listing removed$1,500$1
2018-03-26Sold$205,000$123
2018-02-07Listed for rent$1,500$1
2017-12-06Listing removed$205,000$123
2017-11-03Price change$205,000$123
2017-10-31Listed for sale$207,900$124
2017-10-18Pending sale$207,900$124
2017-09-19Price change$207,900$124
2017-08-31Listed for sale$209,900$125

Tax History

YearProperty TaxTax Assessment
2025$5,367.82$291,600
2024$5,648.84$268,700
2023$2,488.32$280,200
2022$2,066.4$230,600
2021$1,857.86$198,400
2020$3,733.76$182,900
2019$1,594.22$181,700
2018$3,178.82$165,500
2017$3,077$156,700
2016$3,110.04$150,200
2014$3,054.72$156,100
2013$3,030$151,100
2012$3,080.18$152,100
2011$2,857$150,400
2010$3,082.74$155,200
2009$2,670.84$155,200
2007$2,382.38$148,500
2006$2,270.54$152,900
2005$0$114,700
2002$947.84$63,800
2001$956.02$21,270
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,673
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: $409,900Rent Basis: Observed Comp Model ($2,118/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $120/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.85%

NOI: $15,768/yr

Cash-on-Cash Yield
-10.3%

On $94,277 invested

DSCR Ratio
0.62x

Negative debt coverage

5-Yr Leveraged ROI
+42.5%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.81% of basis)-$197/mo
Homeowner / Hazard Insurance-$120/mo
Vacancy Reserve (5% of rent)-$106/mo
Repairs & Maintenance (10% of rent)-$212/mo
Property Management (8% of rent)-$169/mo
Total Pure Operating Expenses-$804/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,118/mo
Less: Operating Expenses-$804/mo
Net Operating Income (NOI)+$1,314/mo
Less: Debt Service (30yr @ 6.75%)-$2,127/mo
Net Cash Flow
$-813/mo
$-9,754/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Indianapolis.