1 / 6
22score
↓ $10,100
$239,900
MLS
Street view1532 E Markwood Ave
Indianapolis IN 46227 · Single Family · built 1928
3 bd2 ba1,265 sqft$190/sqft vs ZIP $156 +22%
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · 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.
price cut 4%
The underwriting
The numbers (estimates, illustrative)
$239,900List price
$1,850Rent estimate / mo
1.11Lender DSCR (est.)
$3,702Taxes / yr · county assessor
$156ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,258 |
| − Taxes | −$309 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $183 |
The numbers
- Price
- $239,900
- $ / sq ft
- $190 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $3,702/yr 2% cap on assessed value $185,100
- PITIA (assumed)
- $1,667/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 price cut 4%
The property
- Beds / baths
- 3 / 2
- Living area
- 1,265 sq ft
- Lot
- 10,890 sq ft
- Year built
- 1928
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110753
- Listed
- Jun 27, 2026
- Days on market
- 112
- Listing agent
- Jack Andrews · That Real Estate Company, LLC
3176792121 - Price history
- First asked $250,000 · previously $245,000 cut $10,100
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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.