1 / 6
13score
$289,900
MLS
Street view1324 N Leland Ave
Indianapolis IN 46219 · Single Family · built 1941
4 bd2 ba2,381 sqft$122/sqft vs ZIP $145 −16%
0.88 lender DSCR (est.)
Rent covers the estimated payment 0.88× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,821/mo (HUD fair-market rent) ÷ 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 $/sqft
The underwriting
The numbers (estimates, illustrative)
$289,900List price
$1,821Rent estimate / mo
0.88Lender DSCR (est.)
$5,018Taxes / yr · county assessor
$145ZIP median $ / sqft
13/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,821 |
| − Mortgage (P&I) | −$1,520 |
| − Taxes | −$418 |
| − Insurance | −$121 |
| = Cash flow before vacancy & repairs | $-238 |
The numbers
- Price
- $289,900
- $ / sq ft
- $122 ZIP median $145
- Rent estimate
- $1,821/mo HUD fair-market rent
- Property taxes
- $5,018/yr 2% cap on assessed value $250,900
- PITIA (assumed)
- $2,059/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 13/100 16% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2
- Living area
- 2,381 sq ft
- Lot
- 6,970 sq ft
- Year built
- 1941
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125989
- Listed
- Sep 21, 2026
- Days on market
- 11
- Listing agent
- Josh Monteith · Ever Real Estate, LLC
3177506490 · josh.monteith@everrealestate.com - Price history
- First asked $289,900
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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.