Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
5score
↓ $7,500
$317,500
MLS
Street view1214 Lexington Ave
Indianapolis IN 46203 · Single Family · built 1880
2 bd2 ba1,080 sqft$294/sqft vs ZIP $168 +75%
0.63 lender DSCR (est.)
Rent covers the estimated payment 0.63× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,248/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 2%
The underwriting
The numbers (estimates, illustrative)
$317,500List price
$1,248Rent estimate / mo
0.63Lender DSCR (est.)
$2,248Taxes / yr · county assessor
$168ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,248 |
| − Mortgage (P&I) | −$1,665 |
| − Taxes | −$187 |
| − Insurance | −$132 |
| = Cash flow before vacancy & repairs | $-737 |
The numbers
- Price
- $317,500
- $ / sq ft
- $294 ZIP median $168
- Rent estimate
- $1,248/mo ZIP + bedroom comps
- Property taxes
- $2,248/yr 2% cap on assessed value $112,400
- PITIA (assumed)
- $1,985/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.63 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 price cut 2%
The property
- Beds / baths
- 2 / 2
- Living area
- 1,080 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1880
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121309
- Listed
- Aug 21, 2026
- Days on market
- 43
- Listing agent
- Carrie Clark · Keller Williams Indpls Metro N
3175049655 · clark.carrie@talktotucker.com - Price history
- First asked $325,000 · previously $325,000 cut $7,500
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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.