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
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10score
↓ $50,000New Construction
$599,900
MLS
Street view1232 N Alabama St
Indianapolis IN 46202 · Single Family · built 2026
2 bd3 ba2,093 sqft$287/sqft vs ZIP $207 +38%
0.38 lender DSCR (est.)
Rent covers the estimated payment 0.38× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,500/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
price cut 8%
The underwriting
The numbers (estimates, illustrative)
$599,900List price
$1,500Rent estimate / mo
0.38Lender DSCR (est.)
$7,199Taxes / yr · assumed 1.2%
$207ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$3,146 |
| − Taxes | −$600 |
| − Insurance | −$250 |
| = Cash flow before vacancy & repairs | $-2,496 |
The numbers
- Price
- $599,900
- $ / sq ft
- $287 ZIP median $207
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $7,199/yr assumed 1.2% of price
- PITIA (assumed)
- $3,996/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.38 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 price cut 8%
The property
- Beds / baths
- 2 / 3
- Living area
- 2,093 sq ft
- Lot
- 1,742 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22113434
- Listed
- Jul 14, 2026
- Days on market
- 81
- Listing agent
- Denise Potter · Onyx And East, Llc
3173714052 · denise.potter@onyxandeast.com - Price history
- First asked $649,900 · previously $649,900 cut $50,000
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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.