Last confirmed active 18 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
10score
↓ $10,100
$409,900
MLS
Street view1134 E 56th St
Indianapolis IN 46220 · Single Family · built 1949
3 bd2 ba1,461 sqft$281/sqft vs ZIP $208 +35%
0.60 lender DSCR (est.)
Rent covers the estimated payment 0.60× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,795/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 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$409,900List price
$1,795Rent estimate / mo
0.60Lender DSCR (est.)
$8,346Taxes / yr · county assessor
$208ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$2,150 |
| − Taxes | −$696 |
| − Insurance | −$171 |
| = Cash flow before vacancy & repairs | $-1,221 |
The numbers
- Price
- $409,900
- $ / sq ft
- $281 ZIP median $208
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $8,346/yr 2% cap on assessed value $417,300
- PITIA (assumed)
- $3,016/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.60 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 price cut 2% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,461 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1949
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121841
- Listed
- Aug 22, 2026
- Days on market
- 42
- Listing agent
- Suzanne Roell-carlson · Smart Choice Realtors, Llc
3175062530 · suzsold@aol.com - Price history
- First asked $420,000 · previously $420,000 cut $10,100
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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.