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26score
New
$215,000
MLS
Street view1202 N Downey Ave
Indianapolis IN 46219 · Single Family · built 1947
2 bd2 ba2,000 sqft$108/sqft vs ZIP $144 −25%
0.68 lender DSCR (est.)
Rent covers the estimated payment 0.68× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,050/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.
26% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$215,000List price
$1,050Rent estimate / mo
0.68Lender DSCR (est.)
$4,012Taxes / yr · county assessor
$144ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,050 |
| − Mortgage (P&I) | −$1,127 |
| − Taxes | −$334 |
| − Insurance | −$90 |
| = Cash flow before vacancy & repairs | $-501 |
The numbers
- Price
- $215,000
- $ / sq ft
- $108 ZIP median $144
- Rent estimate
- $1,050/mo ZIP + bedroom comps
- Property taxes
- $4,012/yr 2% cap on assessed value $200,600
- PITIA (assumed)
- $1,551/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.68 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 26% under ZIP $/sqft · new this week
The property
- Beds / baths
- 2 / 2
- Living area
- 2,000 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1947
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129300
- Listed
- Oct 2, 2026
- Days on market
- 7
- Listing agent
- Deb Kent · Compass Indiana, LLC
3172252253 · debraskent@gmail.com - Price history
- First asked $215,000
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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.