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14score
$170,000
MLS
Street view1221 Lee St
Indianapolis IN 46221 · Multi-Family · built 1938
1 bd1 ba1,332 sqft$128/sqft vs ZIP $147 −13%
0.70 lender DSCR (est.)
Rent covers the estimated payment 0.70× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $825/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.
13% under ZIP $/sqftregistered rental
The underwriting
The numbers (estimates, illustrative)
$170,000List price
$825Rent estimate / mo
0.70Lender DSCR (est.)
$2,610Taxes / yr · county assessor
$147ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $825 |
| − Mortgage (P&I) | −$891 |
| − Taxes | −$218 |
| − Insurance | −$71 |
| = Cash flow before vacancy & repairs | $-355 |
The numbers
- Price
- $170,000
- $ / sq ft
- $128 ZIP median $147
- Rent estimate
- $825/mo ZIP + bedroom comps
- Property taxes
- $2,610/yr 2% cap on assessed value $130,500
- PITIA (assumed)
- $1,180/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.70 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 13% under ZIP $/sqft · registered rental
The property
- Beds / baths
- 1 / 1
- Living area
- 1,332 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1938
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22125729
- Listed
- Sep 12, 2026
- Days on market
- 35
- Listing agent
- Carolyn Gonzalez · The Modglin Group
3179370095 · cng1986@gmail.com - Price history
- First asked $170,000
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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.