1 / 6
19score
$235,000
MLS
Street view1509 N Bosart Ave
Indianapolis IN 46201 · Single Family · built 1928
2 bd1 ba2,008 sqft$117/sqft vs ZIP $140 −16%
0.72 lender DSCR (est.)
Rent covers the estimated payment 0.72× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,240/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.
16% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$235,000List price
$1,240Rent estimate / mo
0.72Lender DSCR (est.)
$4,840Taxes / yr · county assessor
$140ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,240 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$403 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $-494 |
The numbers
- Price
- $235,000
- $ / sq ft
- $117 ZIP median $140
- Rent estimate
- $1,240/mo ZIP + bedroom comps
- Property taxes
- $4,840/yr 2% cap on assessed value $242,000
- PITIA (assumed)
- $1,734/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.72 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 16% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 2,008 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1928
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125637
- Listed
- Sep 13, 2026
- Days on market
- 19
- Listing agent
- Deb Kent · Compass Indiana, LLC
3172252253 · debraskent@gmail.com - Price history
- First asked $235,000
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.