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18score
HUD home
$171,000
HUD
Listing photo1254 Washington Ave
Frankfort IN 46041 · Single Family · built 1890
4 bd2 ba1,915 sqft$89/sqft
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,259/mo (HUD fair-market rent) ÷ 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.
government REO
The underwriting
The numbers (estimates, illustrative)
$171,000List price
$1,259Rent estimate / mo
1.11Lender DSCR (est.)
$2,052Taxes / yr · assumed 1.2%
—ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,259 |
| − Mortgage (P&I) | −$897 |
| − Taxes | −$171 |
| − Insurance | −$71 |
| = Cash flow before vacancy & repairs | $120 |
The numbers
- Price
- $171,000
- $ / sq ft
- $89
- Rent estimate
- $1,259/mo HUD fair-market rent
- Property taxes
- $2,052/yr assumed 1.2% of price
- PITIA (assumed)
- $1,139/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 government REO
The property
- Beds / baths
- 4 / 2
- Living area
- 1,915 sq ft
- Lot
- —
- Year built
- 1890
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- HUD Home Store
- MLS #
- 156-565689
- Listed
- Oct 16, 2026
- Days on market
- —
- Listing agent
- HUD (FHA-insured foreclosure)
- Price history
- No changes recorded
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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.