1 / 6
29score
↓ $50,900
$249,000
MLS
Street view1017 N Lasalle St
Indianapolis IN 46201 · Multi-Family · built 1914
7 bd3 ba2,074 sqft$120/sqft vs ZIP $141 −15%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,670/mo (HUD fair-market rent) ÷ 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.
15% under ZIP $/sqftprice cut 20%
The underwriting
The numbers (estimates, illustrative)
$249,000List price
$1,670Rent estimate / mo
1.00Lender DSCR (est.)
$3,096Taxes / yr · county assessor
$141ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,670 |
| − Mortgage (P&I) | −$1,306 |
| − Taxes | −$258 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $2 |
The numbers
- Price
- $249,000
- $ / sq ft
- $120 ZIP median $141
- Rent estimate
- $1,670/mo HUD fair-market rent
- Property taxes
- $3,096/yr 2% cap on assessed value $154,800
- PITIA (assumed)
- $1,668/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 15% under ZIP $/sqft · price cut 20%
The property
- Beds / baths
- 7 / 3
- Living area
- 2,074 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1914
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22109775
- Listed
- Aug 14, 2026
- Days on market
- 64
- Listing agent
- Joshua Latham · Re/Max Advanced Realty
3179897465 · josh.latham@indyhomepros.com - Price history
- First asked $299,900 · previously $269,900 cut $50,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.