1 / 6
0score
$199,000
MLS
Street view1303 E Castle Ave
Indianapolis IN 46227 · Single Family · built 1930
2 bd1 ba814 sqft$244/sqft vs ZIP $156 +57%
0.81 lender DSCR (est.)
Rent covers the estimated payment 0.81× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,170/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.
The underwriting
The numbers (estimates, illustrative)
$199,000List price
$1,170Rent estimate / mo
0.81Lender DSCR (est.)
$3,796Taxes / yr · county assessor
$156ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,170 |
| − Mortgage (P&I) | −$1,044 |
| − Taxes | −$316 |
| − Insurance | −$83 |
| = Cash flow before vacancy & repairs | $-273 |
The numbers
- Price
- $199,000
- $ / sq ft
- $244 ZIP median $156
- Rent estimate
- $1,170/mo ZIP + bedroom comps
- Property taxes
- $3,796/yr 2% cap on assessed value $189,800
- PITIA (assumed)
- $1,443/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.81 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 814 sq ft
- Lot
- 14,810 sq ft
- Year built
- 1930
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22115849
- Listed
- Jul 24, 2026
- Days on market
- 85
- Listing agent
- Trisha Benefield · REALTY WORLD-Harbert Company
3176006970 · trisha@benefieldrealtyllc.com - Price history
- First asked $199,000
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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.