639 Warren Ave, Indianapolis, IN 46221

2 bd · 1 ba · 814 sqft · built 1930 · Indianapolis · SINGLE_FAMILY·source listing ↗

$99,900

rent, three ways

OnePercent model (vv1)

$1,384/mo

p10–p90 confidence band

HUD Fair Market Rent · 46221 · 2BR$1,440/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Marion

Flood risk indexRelatively High FEMA NRI

Median household income$65,280

Median area rent$1,137/mo

Median home value$191,300

the verdict

1.39%vs 1.0% target

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

$99,900

1.39% · rent $1,384

Intrinsic value · income approach

$168,964

41% 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.