1 / 6
31score
↓ $20,000
$189,000
MLS
Street view1446 Spann Ave
Indianapolis IN 46203 · Single Family · built 1955
3 bd1 ba1,222 sqft$155/sqft vs ZIP $168 −8%
1.13 lender DSCR (est.)
Rent covers the estimated payment 1.13× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/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.
price cut 11%
The underwriting
The numbers (estimates, illustrative)
$189,000List price
$1,500Rent estimate / mo
1.13Lender DSCR (est.)
$3,062Taxes / yr · county assessor
$168ZIP median $ / sqft
31/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$991 |
| − Taxes | −$255 |
| − Insurance | −$79 |
| = Cash flow before vacancy & repairs | $175 |
The numbers
- Price
- $189,000
- $ / sq ft
- $155 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $3,062/yr 2% cap on assessed value $153,100
- PITIA (assumed)
- $1,325/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.13 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 31/100 price cut 11%
The property
- Beds / baths
- 3 / 1
- Living area
- 1,222 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22095086
- Listed
- Apr 14, 2026
- Days on market
- 184
- Listing agent
- Michael Scott · Scott Estates
3177306860 · mikescottestates@gmail.com - Price history
- First asked $209,000 · previously $199,000 cut $20,000
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.