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25score
New↓ $10,000
$219,000
MLS
Street view1015 E Raymond St
Indianapolis IN 46203 · Single Family · built 1910
3 bd2 ba1,398 sqft$157/sqft vs ZIP $168 −7%
0.87 lender DSCR (est.)
Rent covers the estimated payment 0.87× · 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.
price cut 5%new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$219,000List price
$1,500Rent estimate / mo
0.87Lender DSCR (est.)
$5,856Taxes / yr · county assessor
$168ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,148 |
| − Taxes | −$488 |
| − Insurance | −$91 |
| = Cash flow before vacancy & repairs | $-228 |
The numbers
- Price
- $219,000
- $ / sq ft
- $157 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $5,856/yr 2% cap on assessed value $292,800
- PITIA (assumed)
- $1,728/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.87 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 price cut 5% · new this week · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,398 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131545
- Listed
- Oct 16, 2026
- Days on market
- 2
- Listing agent
- Erica Mayfield · @properties
3176700304 · emayfield@atpropertiesind.com - Price history
- First asked $229,000 · previously $224,000 cut $10,000
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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.