1 / 6
30score
↓ $20,000
$229,900
MLS
Street view12029 E Washington St
Indianapolis IN 46229 · Single Family · built 1915
3 bd2 ba1,972 sqft$117/sqft vs ZIP $139 −16%
0.93 lender DSCR (est.)
Rent covers the estimated payment 0.93× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,730/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.
16% under ZIP $/sqftprice cut 9%below assessed value
The underwriting
The numbers (estimates, illustrative)
$229,900List price
$1,730Rent estimate / mo
0.93Lender DSCR (est.)
$6,768Taxes / yr · county assessor
$139ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,730 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$564 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $-135 |
The numbers
- Price
- $229,900
- $ / sq ft
- $117 ZIP median $139
- Rent estimate
- $1,730/mo ZIP + bedroom comps
- Property taxes
- $6,768/yr 2% cap on assessed value $338,400
- PITIA (assumed)
- $1,865/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.93 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 16% under ZIP $/sqft · price cut 9% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,972 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1915
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 202634531
- Listed
- Aug 23, 2026
- Days on market
- 55
- Listing agent
- Constance Quizon · Brooks Real Estate Services
3173973311 · brooksindyhomes@yahoo.com - Price history
- First asked $249,900 · previously $249,900 cut $20,000
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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.