Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
26score
$459,999
MLS
Street view1112 Spann Ave
Indianapolis IN 46203 · Single Family · built 2017
3 bd3.5 ba3,655 sqft$126/sqft vs ZIP $168 −25%
0.44 lender DSCR (est.)
Rent covers the estimated payment 0.44× · 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.
25% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$459,999List price
$1,500Rent estimate / mo
0.44Lender DSCR (est.)
$10,120Taxes / yr · county assessor
$168ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$2,412 |
| − Taxes | −$843 |
| − Insurance | −$192 |
| = Cash flow before vacancy & repairs | $-1,947 |
The numbers
- Price
- $459,999
- $ / sq ft
- $126 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $10,120/yr 2% cap on assessed value $506,000
- PITIA (assumed)
- $3,447/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.44 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 25% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 3.5
- Living area
- 3,655 sq ft
- Lot
- 3,920 sq ft
- Year built
- 2017
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22081267
- Listed
- Jan 31, 2026
- Days on market
- 245
- Listing agent
- Andrew Howe · Exp Realty, LLC
3177600880 · andrewhowe@kw.com - Price history
- First asked $459,999
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.