1 / 6
39score
↓ $10,000
$223,500
MLS
Street view11151 Monroe Ct
Indianapolis IN 46229 · Single Family · built 1971
4 bd1.5 ba1,648 sqft$136/sqft vs ZIP $139 −2%
1.33 lender DSCR (est.)
Rent covers the estimated payment 1.33× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,010/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.
DSCR 1.33price cut 4%
The underwriting
The numbers (estimates, illustrative)
$223,500List price
$2,010Rent estimate / mo
1.33Lender DSCR (est.)
$3,006Taxes / yr · county assessor
$139ZIP median $ / sqft
39/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,010 |
| − Mortgage (P&I) | −$1,172 |
| − Taxes | −$251 |
| − Insurance | −$93 |
| = Cash flow before vacancy & repairs | $494 |
The numbers
- Price
- $223,500
- $ / sq ft
- $136 ZIP median $139
- Rent estimate
- $2,010/mo ZIP + bedroom comps
- Property taxes
- $3,006/yr 2% cap on assessed value $150,300
- PITIA (assumed)
- $1,516/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.33 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 39/100 DSCR 1.33 · price cut 4%
The property
- Beds / baths
- 4 / 1.5
- Living area
- 1,648 sq ft
- Lot
- 12,197 sq ft
- Year built
- 1971
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22102761
- Listed
- May 22, 2026
- Days on market
- 148
- Listing agent
- Mark M. Dudley · RE/MAX REALTY GROUP
3173152300 · markdudley@remax.net - Price history
- First asked $233,500 · previously $233,500 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.