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42score
$204,900
MLS
Street view1516 Ruth Dr
Indianapolis IN 46240 · Single Family · built 1925
3 bd2 ba1,180 sqft$174/sqft vs ZIP $205 −15%
1.35 lender DSCR (est.)
Rent covers the estimated payment 1.35× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,919/mo (HUD fair-market rent) ÷ 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 1.3515% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$204,900List price
$1,919Rent estimate / mo
1.35Lender DSCR (est.)
$3,156Taxes / yr · county assessor
$205ZIP median $ / sqft
42/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,919 |
| − Mortgage (P&I) | −$1,075 |
| − Taxes | −$263 |
| − Insurance | −$85 |
| = Cash flow before vacancy & repairs | $496 |
The numbers
- Price
- $204,900
- $ / sq ft
- $174 ZIP median $205
- Rent estimate
- $1,919/mo HUD fair-market rent
- Property taxes
- $3,156/yr 2% cap on assessed value $157,800
- PITIA (assumed)
- $1,423/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.35 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 42/100 DSCR 1.35 · 15% under ZIP $/sqft
The property
- Beds / baths
- 3 / 2
- Living area
- 1,180 sq ft
- Lot
- 12,632 sq ft
- Year built
- 1925
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- FLD
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126592
- Listed
- Sep 17, 2026
- Days on market
- 15
- Listing agent
- April Trusley · Highgarden Real Estate
3172804663 · apriltrusley@gmail.com - Price history
- First asked $204,900
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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.