1 / 6
55score
↓ $15,000
$155,000
MLS
Street view1515 E Mills Ave
Indianapolis IN 46227 · Single Family · built 1950
3 bd1 ba912 sqft$170/sqft vs ZIP $156 +9%
1.79 lender DSCR (est.)
Rent covers the estimated payment 1.79× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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.
DSCR 1.79price cut 10%
The underwriting
The numbers (estimates, illustrative)
$155,000List price
$1,850Rent estimate / mo
1.79Lender DSCR (est.)
$1,878Taxes / yr · county assessor
$156ZIP median $ / sqft
55/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$813 |
| − Taxes | −$157 |
| − Insurance | −$65 |
| = Cash flow before vacancy & repairs | $816 |
The numbers
- Price
- $155,000
- $ / sq ft
- $170 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $1,878/yr 2% cap on assessed value $93,900
- PITIA (assumed)
- $1,034/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.79 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 55/100 DSCR 1.79 · price cut 10%
The property
- Beds / baths
- 3 / 1
- Living area
- 912 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1950
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123114
- Listed
- Aug 28, 2026
- Days on market
- 50
- Listing agent
- Zeida Suljkanovic · Berkshire Hathaway HomeServices Indiana Realty
3173535280 · zeida.suljkanovic@century21.com - Price history
- First asked $170,000 · previously $170,000 cut $15,000
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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.