Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
9score
$399,900
MLS
Street view1417 E Michigan St
Indianapolis IN 46201 · Single Family · built 1920
4 bd3.5 ba2,972 sqft$135/sqft vs ZIP $141 −5%
0.59 lender DSCR (est.)
Rent covers the estimated payment 0.59× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$399,900List price
$1,820Rent estimate / mo
0.59Lender DSCR (est.)
$9,936Taxes / yr · county assessor
$141ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$2,097 |
| − Taxes | −$828 |
| − Insurance | −$167 |
| = Cash flow before vacancy & repairs | $-1,272 |
The numbers
- Price
- $399,900
- $ / sq ft
- $135 ZIP median $141
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $9,936/yr 2% cap on assessed value $496,800
- PITIA (assumed)
- $3,092/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.59 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 below assessed value
The property
- Beds / baths
- 4 / 3.5
- Living area
- 2,972 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118871
- Listed
- Aug 11, 2026
- Days on market
- 53
- Listing agent
- Charlene Gaard · No Limit Real Estate, Llc
3174402149 · charlenegaard@aol.com - Price history
- First asked $399,900
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.