1 / 6
42score
↓ $20,000
$249,900
MLS
Street view1058 W 31st St
Indianapolis IN 46208 · Multi-Family · built 1921
6 bd4 ba2,632 sqft$95/sqft vs ZIP $126 −25%
1.07 lender DSCR (est.)
Rent covers the estimated payment 1.07× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,783/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
25% under ZIP $/sqftprice cut 8%
The underwriting
The numbers (estimates, illustrative)
$249,900List price
$1,783Rent estimate / mo
1.07Lender DSCR (est.)
$2,999Taxes / yr · assumed 1.2%
$126ZIP median $ / sqft
42/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,783 |
| − Mortgage (P&I) | −$1,311 |
| − Taxes | −$250 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $118 |
The numbers
- Price
- $249,900
- $ / sq ft
- $95 ZIP median $126
- Rent estimate
- $1,783/mo HUD fair-market rent
- Property taxes
- $2,999/yr assumed 1.2% of price
- PITIA (assumed)
- $1,665/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 42/100 25% under ZIP $/sqft · price cut 8%
The property
- Beds / baths
- 6 / 4
- Living area
- 2,632 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1921
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22105502
- Listed
- Jun 9, 2026
- Days on market
- 130
- Listing agent
- Hammed Lawal · IB REALTORS
3175319685 · l.hammed@ymail.com - Price history
- First asked $269,900 · previously $269,900 cut $20,000
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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.