1 / 6
13score
$344,900
MLS
Street view1401 Leonard St
Indianapolis IN 46203 · Single Family · built 1913
4 bd2.5 ba2,254 sqft$153/sqft vs ZIP $168 −9%
0.89 lender DSCR (est.)
Rent covers the estimated payment 0.89× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,250/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.
9% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$344,900List price
$2,250Rent estimate / mo
0.89Lender DSCR (est.)
$7,048Taxes / yr · county assessor
$168ZIP median $ / sqft
13/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,250 |
| − Mortgage (P&I) | −$1,809 |
| − Taxes | −$587 |
| − Insurance | −$144 |
| = Cash flow before vacancy & repairs | $-290 |
The numbers
- Price
- $344,900
- $ / sq ft
- $153 ZIP median $168
- Rent estimate
- $2,250/mo ZIP + bedroom comps
- Property taxes
- $7,048/yr 2% cap on assessed value $352,400
- PITIA (assumed)
- $2,540/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.89 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 13/100 9% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,254 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1913
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125206
- Listed
- Sep 10, 2026
- Days on market
- 23
- Listing agent
- Madeline Bennett · Re/Max Advanced Realty
3174320051 · mbennett@c21scheetz.com - Price history
- First asked $344,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.