1 / 6
10score
New
$375,000
MLS
Street view1156 E 56th St
Indianapolis IN 46220 · Single Family · built 1952
2 bd1 ba1,095 sqft$342/sqft vs ZIP $202 +70%
0.65 lender DSCR (est.)
Rent covers the estimated payment 0.65× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,803/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.
new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$375,000List price
$1,803Rent estimate / mo
0.65Lender DSCR (est.)
$7,764Taxes / yr · county assessor
$202ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,803 |
| − Mortgage (P&I) | −$1,967 |
| − Taxes | −$647 |
| − Insurance | −$156 |
| = Cash flow before vacancy & repairs | $-967 |
The numbers
- Price
- $375,000
- $ / sq ft
- $342 ZIP median $202
- Rent estimate
- $1,803/mo ZIP + bedroom comps
- Property taxes
- $7,764/yr 2% cap on assessed value $388,200
- PITIA (assumed)
- $2,770/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.65 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 new this week · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 1,095 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1952
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129823
- Listed
- Oct 5, 2026
- Days on market
- 3
- Listing agent
- Dawn Kendrick · F.C. Tucker Company - Carmel
3178467751 · dawnkendrick@aol.com - Price history
- First asked $375,000
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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.