1 / 6
47score
↓ $15,000
$180,000
MLS
Street view1207 N Warman Ave
Indianapolis IN 46222 · Single Family · built 1920
3 bd2 ba1,300 sqft$138/sqft vs ZIP $158 −12%
1.23 lender DSCR (est.)
Rent covers the estimated payment 1.23× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,700/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.
DSCR 1.2312% under ZIP $/sqftprice cut 8%below assessed value
The underwriting
The numbers (estimates, illustrative)
$180,000List price
$1,700Rent estimate / mo
1.23Lender DSCR (est.)
$4,294Taxes / yr · county assessor
$158ZIP median $ / sqft
47/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,700 |
| − Mortgage (P&I) | −$944 |
| − Taxes | −$358 |
| − Insurance | −$75 |
| = Cash flow before vacancy & repairs | $323 |
The numbers
- Price
- $180,000
- $ / sq ft
- $138 ZIP median $158
- Rent estimate
- $1,700/mo ZIP + bedroom comps
- Property taxes
- $4,294/yr 2% cap on assessed value $214,700
- PITIA (assumed)
- $1,377/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.23 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 47/100 DSCR 1.23 · 12% under ZIP $/sqft · price cut 8% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,300 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118903
- Listed
- Aug 7, 2026
- Days on market
- 71
- Listing agent
- Bri Frazier · Keller Williams Indy Metro Ne
7657177962 · bri@bfgindy.com - Price history
- First asked $195,000 · previously $185,000 cut $15,000
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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.