1 / 6
19score
↓ $10,000
$225,000
MLS
Street view1317 Wallace Ave
Indianapolis IN 46201 · Single Family · built 1926
3 bd1.5 ba1,727 sqft$130/sqft vs ZIP $141 −8%
0.95 lender DSCR (est.)
Rent covers the estimated payment 0.95× · 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.
price cut 4%
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,450Rent estimate / mo
0.95Lender DSCR (est.)
$2,950Taxes / yr · county assessor
$141ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,450 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$246 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $-70 |
The numbers
- Price
- $225,000
- $ / sq ft
- $130 ZIP median $141
- Rent estimate
- $1,450/mo ZIP + bedroom comps
- Property taxes
- $2,950/yr 2% cap on assessed value $147,500
- PITIA (assumed)
- $1,520/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.95 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 price cut 4%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,727 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1926
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122424
- Listed
- Aug 31, 2026
- Days on market
- 47
- Listing agent
- Timothy Altom · United Real Estate Indpls
3176023550 · altomgroup@indy.rr.com - Price history
- First asked $235,000 · previously $235,000 cut $10,000
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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.