For SaleRisky Deal1 days on market
1040 Tulip Dr
1040 Tulip Dr, Indianapolis, IN 46227, Indianapolis, IN 46227
$300,000
Listing Price
1040 Tulip Dr, Indianapolis, IN 46227
Loc: Indianapolis, IN
Days Listed
1
Tax Assessed
$284k
Lot Size
0.49 acres
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.
N/A
Homecroft Kindergarten
K-1
0.5 mi away
5
Southport Middle School
7-8
1.6 mi away
5
Southport High School
9-12
0.2 mi away
Haven Underwritten Market·Stronger DSCR (0.81x)
Indianapolis, IN Investment Analysis (2026)
Cap Rate: 5.03% · Median Rent: $1,850/mo · Effective Tax: 0.81%
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranchbrick exteriorsingle-storyattached garageasphalt drivewaylandscapedsuburbantraditionallarge front lawnshingle roofmature treeswell-maintainedresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.23%
Total ROI
94.2%
Cash Flow
$0/mo
DSCR
1.00
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Underwriting based on Indianapolis market benchmarks with active rent-to-price evaluation.
Strengths
- • Favorable cap rate profile (6.2%)
- • Strong rental demand in Indianapolis
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $300,000 | $123 |
| 2017-05-01 | Sold | $168,000 | $69 |
| 2017-04-18 | Pending sale | $168,000 | $69 |
| 2017-03-10 | Listed for sale | $168,000 | $69 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,286.44 | $283,600 |
| 2024 | $3,340.8 | $257,300 |
| 2023 | $3,133.7 | $263,700 |
| 2022 | $2,753.54 | $241,900 |
| 2021 | $2,519.28 | $211,000 |
| 2020 | $2,401.04 | $193,000 |
| 2019 | $2,208.46 | $183,500 |
| 2018 | $1,518.56 | $171,400 |
| 2017 | $1,565.26 | $124,900 |
| 2016 | $1,467.6 | $122,500 |
| 2014 | $1,325.42 | $121,700 |
| 2013 | $1,334.56 | $121,700 |
| 2012 | $1,334.56 | $119,700 |
| 2011 | $0 | $118,600 |
| 2010 | $1,126.12 | $118,600 |
| 2009 | $888.98 | $118,600 |
| 2007 | $0 | $114,500 |
| 2006 | $0 | $114,500 |
| 2005 | $0 | $93,900 |
| 2004 | $0 | $93,900 |
| 2003 | $0 | $93,900 |
| 2002 | $0 | $50,600 |
| 2001 | $0 | $16,870 |
| 2000 | $0 | $16,870 |
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