Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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3score
$359,000
MLS
Street view1218 Union St
Indianapolis IN 46225 · Single Family · built 1940
6 bd4 ba2,524 sqft$142/sqft vs ZIP $148 −4%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,808/mo (HUD fair-market rent) ÷ 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.
The underwriting
The numbers (estimates, illustrative)
$359,000List price
$1,808Rent estimate / mo
0.80Lender DSCR (est.)
$2,704Taxes / yr · county assessor
$148ZIP median $ / sqft
3/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,808 |
| − Mortgage (P&I) | −$1,883 |
| − Taxes | −$225 |
| − Insurance | −$150 |
| = Cash flow before vacancy & repairs | $-450 |
The numbers
- Price
- $359,000
- $ / sq ft
- $142 ZIP median $148
- Rent estimate
- $1,808/mo HUD fair-market rent
- Property taxes
- $2,704/yr 2% cap on assessed value $135,200
- PITIA (assumed)
- $2,258/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.80 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 3/100
The property
- Beds / baths
- 6 / 4
- Living area
- 2,524 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1940
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22124035
- Listed
- Sep 2, 2026
- Days on market
- 31
- Listing agent
- Steven Koleno · Beycome Brokerage Realty LLC
8046565007 · realtor@beycome.com - Price history
- First asked $359,000
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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.