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28score
New
$289,900
MLS
Street view1415 E Castle Ave
Indianapolis IN 46227 · Single Family · built 1925
5 bd2 ba2,550 sqft$114/sqft vs ZIP $157 −28%
0.90 lender DSCR (est.)
Rent covers the estimated payment 0.90× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,756/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.
28% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$289,900List price
$1,756Rent estimate / mo
0.90Lender DSCR (est.)
$3,694Taxes / yr · county assessor
$157ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,756 |
| − Mortgage (P&I) | −$1,520 |
| − Taxes | −$308 |
| − Insurance | −$121 |
| = Cash flow before vacancy & repairs | $-193 |
The numbers
- Price
- $289,900
- $ / sq ft
- $114 ZIP median $157
- Rent estimate
- $1,756/mo HUD fair-market rent
- Property taxes
- $3,694/yr 2% cap on assessed value $184,700
- PITIA (assumed)
- $1,949/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.90 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 28% under ZIP $/sqft · new this week
The property
- Beds / baths
- 5 / 2
- Living area
- 2,550 sq ft
- Lot
- 1,307 sq ft
- Year built
- 1925
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22128046
- Listed
- Oct 8, 2026
- Days on market
- 2
- Listing agent
- Antwon Culbreath · Redfin Corporation
3174595009 · twonamc@icloud.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.