Last confirmed active 19 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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16score
↓ $51,000
$449,000
MLS
Street view131 Herman St
Indianapolis IN 46202 · Single Family · built 1900
3 bd2.5 ba2,188 sqft$205/sqft vs ZIP $207 −1%
0.61 lender DSCR (est.)
Rent covers the estimated payment 0.61× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,000/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.
price cut 11%below assessed value
The underwriting
The numbers (estimates, illustrative)
$449,000List price
$2,000Rent estimate / mo
0.61Lender DSCR (est.)
$9,090Taxes / yr · county assessor
$207ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,000 |
| − Mortgage (P&I) | −$2,355 |
| − Taxes | −$758 |
| − Insurance | −$187 |
| = Cash flow before vacancy & repairs | $-1,299 |
The numbers
- Price
- $449,000
- $ / sq ft
- $205 ZIP median $207
- Rent estimate
- $2,000/mo ZIP + bedroom comps
- Property taxes
- $9,090/yr 2% cap on assessed value $454,500
- PITIA (assumed)
- $3,299/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.61 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 price cut 11% · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,188 sq ft
- Lot
- 4,792 sq ft
- Year built
- 1900
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22094163
- Listed
- Apr 9, 2026
- Days on market
- 177
- Listing agent
- Mark Sprout · Spruckett Realty, LLC
3173738919 · spruckettrealty@gmail.com - Price history
- First asked $500,000 · previously $500,000 cut $51,000
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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.