1 / 6
23score
↓ $9,900
$150,000
MLS
Street view1521 N Gladstone Ave
Indianapolis IN 46201 · Single Family · built 1919
2 bd1 ba856 sqft$175/sqft vs ZIP $141 +24%
1.02 lender DSCR (est.)
Rent covers the estimated payment 1.02× · 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.
price cut 7%below assessed value
The underwriting
The numbers (estimates, illustrative)
$150,000List price
$1,195Rent estimate / mo
1.02Lender DSCR (est.)
$3,886Taxes / yr · county assessor
$141ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$787 |
| − Taxes | −$324 |
| − Insurance | −$63 |
| = Cash flow before vacancy & repairs | $22 |
The numbers
- Price
- $150,000
- $ / sq ft
- $175 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $3,886/yr 2% cap on assessed value $194,300
- PITIA (assumed)
- $1,173/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.02 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 price cut 7% · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 856 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1919
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22124373
- Listed
- Sep 3, 2026
- Days on market
- 44
- Listing agent
- Ryan Elijah Boyd · Trueblood Real Estate
3173628882 · ryan@truebloodre.com - Price history
- First asked $159,900 · previously $159,900 cut $9,900
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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.