product

markets

method

1816 Ernest Ct, Indianapolis, IN 46234 — $239,900 · 4bd · ~1.2% rule | OnePercent

1816 Ernest Ct, Indianapolis, IN 46234

$239,900

Home·Indianapolis 46234·1816 Ernest Ct, Indianapolis, IN 46234

Confirmed in the last few hours

1816 Ernest Ct, Indianapolis, IN 46234

4 bd · 2.5 ba · 2,480 sqft · built 2005 · Indianapolis · SINGLE_FAMILY·source listing ↗

$239,900

rent, three ways

OnePercent model (vv1)$2,952/mo

p10–p90 confidence band

HUD Fair Market Rent · 46234 · 4BR$2,830/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Marion

Flood risk indexRelatively Moderate FEMA NRI

Median household income$83,190

Median area rent$1,559/mo

Median home value$241,900

the verdict

1.23%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$239,900

1.23% · rent $2,952

Intrinsic value · income approach

$352,166

32% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.