1 / 6
42score
↓ $15,000
$175,000
MLS
Street view1337 N Mitchner Ave
Indianapolis IN 46219 · Single Family · built 1956
3 bd1.5 ba2,757 sqft$63/sqft vs ZIP $142 −55%
1.09 lender DSCR (est.)
Rent covers the estimated payment 1.09× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,480/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.
55% under ZIP $/sqftverify conditionprice cut 9%below assessed value
The underwriting
The numbers (estimates, illustrative)
$175,000List price
$1,480Rent estimate / mo
1.09Lender DSCR (est.)
$4,448Taxes / yr · county assessor
$142ZIP median $ / sqft
42/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,480 |
| − Mortgage (P&I) | −$918 |
| − Taxes | −$371 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $119 |
The numbers
- Price
- $175,000
- $ / sq ft
- $63 ZIP median $142
- Rent estimate
- $1,480/mo ZIP + bedroom comps
- Property taxes
- $4,448/yr 2% cap on assessed value $222,400
- PITIA (assumed)
- $1,361/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.09 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 42/100 55% under ZIP $/sqft · verify condition · price cut 9% · below assessed value
The property
- Beds / baths
- 3 / 1.5
- Living area
- 2,757 sq ft
- Lot
- 15,246 sq ft
- Year built
- 1956
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123363
- Listed
- Sep 3, 2026
- Days on market
- 42
- Listing agent
- Phyllis Bruce · Carpenter Realtors North Meridian
3173395156 · phyllisbruce06@yahoo.com - Price history
- First asked $190,000 · previously $190,000 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.