Ranch home in Indianapolis, IN
Set in Indianapolis, IN, this Ranch home provides 3 bedrooms and 2 bathrooms across 1,517 square feet. Its Ranch character defines the property's look.
| Price | $134,900 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 1517 |
|---|
| Architectural style | Ranch (95% match) |
|---|
| Address | 4043 Alsace Pl, Indianapolis, IN 46226 |
|---|
Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced below comparable homes.
- At $135K, this home is 46% below the $250K median for 866 similar Ranch homes in Indianapolis, IN.
- That works out to $89 per square foot, 46% below the $164 comparable rate.
- On the market 100 days, which is a long time; sellers are often flexible at this point.
| This home | $134,900 |
|---|
| Ranch median in Indianapolis, IN | $250,000 (866 homes) |
|---|
| Price per sq ft | $89 vs. $164 comps median |
|---|
It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $883/month with 20% down at a 7.28% 30-year fixed rate. You would need about $37,861 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $738/mo |
|---|
| Property tax (new-buyer reassessed rate) | $94/mo |
|---|
| Homeowners insurance | $51/mo |
|---|
| Total monthly | $883/mo |
|---|
| Down payment (20%) | $26,980 |
|---|
| Income needed | $37,861/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (75 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (75/100) |
|---|
| Beats renting in | 36% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $77,678 |
|---|
| Range (10th to 90th pct) | $49,595 to $111,145 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Indianapolis, IN where local data is thin.
Local home values
Typical home values in Indianapolis, IN have risen about 23% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Zillow