1 / 6
26score
↓ $5,000
$225,000
MLS
Street view1012 E Palmer St
Indianapolis IN 46203 · Single Family · built 1928
3 bd2 ba1,668 sqft$135/sqft vs ZIP $168 −20%
0.91 lender DSCR (est.)
Rent covers the estimated payment 0.91× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes from the county assessor. Assumptions as of 2026-09-12.
20% under ZIP $/sqftprice cut 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,500Rent estimate / mo
0.91Lender DSCR (est.)
$4,604Taxes / yr · county assessor
$168ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$384 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $-157 |
The numbers
- Price
- $225,000
- $ / sq ft
- $135 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $4,604/yr 2% cap on assessed value $230,200
- PITIA (assumed)
- $1,657/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.91 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 20% under ZIP $/sqft · price cut 2% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,668 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1928
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22087770
- Listed
- Mar 12, 2026
- Days on market
- 219
- Listing agent
- Mary Wernke · Encore Sotheby's International Realty
3178437766 · mwernke@talktotucker.com - Price history
- First asked $230,000 · previously $230,000 cut $5,000
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All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.