1 / 6
50score
↓ $25,100
$139,900
MLS
Street view1510 Bates St
Indianapolis IN 46201 · Single Family · built 1890
2 bd1 ba1,390 sqft$101/sqft vs ZIP $141 −29%
1.08 lender DSCR (est.)
Rent covers the estimated payment 1.08× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,195/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.
28% under ZIP $/sqftprice cut 18%below assessed value
The underwriting
The numbers (estimates, illustrative)
$139,900List price
$1,195Rent estimate / mo
1.08Lender DSCR (est.)
$3,820Taxes / yr · county assessor
$141ZIP median $ / sqft
50/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$734 |
| − Taxes | −$318 |
| − Insurance | −$58 |
| = Cash flow before vacancy & repairs | $85 |
The numbers
- Price
- $139,900
- $ / sq ft
- $101 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $3,820/yr 2% cap on assessed value $191,000
- PITIA (assumed)
- $1,110/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.08 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 50/100 28% under ZIP $/sqft · price cut 18% · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 1,390 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1890
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22124409
- Listed
- Sep 4, 2026
- Days on market
- 43
- Listing agent
- Rachel Mappes · F.C. Tucker Company - West
3176585862 · rmappes@callcarpenter.com - Price history
- First asked $165,000 · previously $154,900 cut $25,100
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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.