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5score
$259,000
MLS
Street view138 Demarest St
Indianapolis IN 46214 · Single Family · built 1965
3 bd2 ba1,839 sqft$141/sqft vs ZIP $138 +2%
0.78 lender DSCR (est.)
Rent covers the estimated payment 0.78× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,509/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$259,000List price
$1,509Rent estimate / mo
0.78Lender DSCR (est.)
$5,640Taxes / yr · county assessor
$138ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,509 |
| − Mortgage (P&I) | −$1,358 |
| − Taxes | −$470 |
| − Insurance | −$108 |
| = Cash flow before vacancy & repairs | $-427 |
The numbers
- Price
- $259,000
- $ / sq ft
- $141 ZIP median $138
- Rent estimate
- $1,509/mo HUD fair-market rent
- Property taxes
- $5,640/yr 2% cap on assessed value $282,000
- PITIA (assumed)
- $1,936/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.78 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,839 sq ft
- Lot
- 11,761 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130708
- Listed
- Oct 9, 2026
- Days on market
- 9
- Listing agent
- Josie Deakin · Just Homes Realty
3179372130 · josiegregory17@icloud.com - Price history
- First asked $259,000
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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.