1 / 6
29score
↓ $15,000
$230,000
MLS
Street view127 N Colorado Ave
Indianapolis IN 46201 · Single Family · built 1900
3 bd2.5 ba1,952 sqft$118/sqft vs ZIP $141 −16%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,450/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.
16% under ZIP $/sqftprice cut 7%below assessed value
The underwriting
The numbers (estimates, illustrative)
$230,000List price
$1,450Rent estimate / mo
0.80Lender DSCR (est.)
$6,178Taxes / yr · county assessor
$141ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,450 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$515 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $-367 |
The numbers
- Price
- $230,000
- $ / sq ft
- $118 ZIP median $141
- Rent estimate
- $1,450/mo ZIP + bedroom comps
- Property taxes
- $6,178/yr 2% cap on assessed value $308,900
- PITIA (assumed)
- $1,817/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
- 29/100 16% under ZIP $/sqft · price cut 7% · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,952 sq ft
- Lot
- 5,663 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 #
- 22113306
- Listed
- Jul 13, 2026
- Days on market
- 96
- Listing agent
- Mark Wesler · Exp Realty, LLC
3173723283 · mdwesler@truebloodre.com - Price history
- First asked $245,000 · previously $235,000 cut $15,000
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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.