1 / 6
23score
↓ $9,000
$240,000
MLS
Street view1134 Gilbert Ave
Indianapolis IN 46227 · Single Family · built 1954
3 bd2 ba1,309 sqft$183/sqft vs ZIP $156 +18%
1.14 lender DSCR (est.)
Rent covers the estimated payment 1.14× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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 4%
The underwriting
The numbers (estimates, illustrative)
$240,000List price
$1,850Rent estimate / mo
1.14Lender DSCR (est.)
$3,142Taxes / yr · county assessor
$156ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,259 |
| − Taxes | −$262 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $230 |
The numbers
- Price
- $240,000
- $ / sq ft
- $183 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $3,142/yr 2% cap on assessed value $157,100
- PITIA (assumed)
- $1,620/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.14 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 price cut 4%
The property
- Beds / baths
- 3 / 2
- Living area
- 1,309 sq ft
- Lot
- 34,848 sq ft
- Year built
- 1954
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119619
- Listed
- Aug 13, 2026
- Days on market
- 65
- Listing agent
- Brooke Arnold · Bluprint Real Estate Group
3174432868 · therealtorlife.indy@gmail.com - Price history
- First asked $249,000 · previously $249,000 cut $9,000
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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.