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20score
$154,900
MLS
Street view1218 Bacon St
Indianapolis IN 46227 · Single Family · built 1900
2 bd1 ba1,128 sqft$137/sqft vs ZIP $156 −12%
1.06 lender DSCR (est.)
Rent covers the estimated payment 1.06× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,170/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.
12% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$154,900List price
$1,170Rent estimate / mo
1.06Lender DSCR (est.)
$2,732Taxes / yr · county assessor
$156ZIP median $ / sqft
20/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,170 |
| − Mortgage (P&I) | −$812 |
| − Taxes | −$228 |
| − Insurance | −$65 |
| = Cash flow before vacancy & repairs | $65 |
The numbers
- Price
- $154,900
- $ / sq ft
- $137 ZIP median $156
- Rent estimate
- $1,170/mo ZIP + bedroom comps
- Property taxes
- $2,732/yr 2% cap on assessed value $136,600
- PITIA (assumed)
- $1,105/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.06 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 20/100 12% under ZIP $/sqft
The property
- Beds / baths
- 2 / 1
- Living area
- 1,128 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1900
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22105343
- Listed
- Jun 8, 2026
- Days on market
- 131
- Listing agent
- Dana Ayers · Carpenter Realtors Shelbyville
3173640010 · dayers@callcarpenter.com - Price history
- First asked $154,900
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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.