1 / 6
45score
↓ $10,000
$195,000
MLS
Street view1531 N Downey Ave
Indianapolis IN 46219 · Single Family · built 1955
4 bd2 ba1,647 sqft$118/sqft vs ZIP $142 −17%
1.15 lender DSCR (est.)
Rent covers the estimated payment 1.15× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,808/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.
17% under ZIP $/sqftprice cut 5%below assessed value
The underwriting
The numbers (estimates, illustrative)
$195,000List price
$1,808Rent estimate / mo
1.15Lender DSCR (est.)
$5,658Taxes / yr · county assessor
$142ZIP median $ / sqft
45/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,808 |
| − Mortgage (P&I) | −$1,023 |
| − Taxes | −$472 |
| − Insurance | −$81 |
| = Cash flow before vacancy & repairs | $233 |
The numbers
- Price
- $195,000
- $ / sq ft
- $118 ZIP median $142
- Rent estimate
- $1,808/mo HUD fair-market rent
- Property taxes
- $5,658/yr 2% cap on assessed value $282,900
- PITIA (assumed)
- $1,575/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.15 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 45/100 17% under ZIP $/sqft · price cut 5% · below assessed value
The property
- Beds / baths
- 4 / 2
- Living area
- 1,647 sq ft
- Lot
- 6,970 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118137
- Listed
- Aug 6, 2026
- Days on market
- 72
- Listing agent
- Kevin Burke · @properties
5634492284 · kburke@atpropertiesind.com - Price history
- First asked $205,000 · previously $205,000 cut $10,000
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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.