1 / 6
11score
↓ $39,900
$225,000
MLS
Street view1533 Fletcher Ave
Indianapolis IN 46203 · Single Family · built 1880
2 bd1 ba1,355 sqft$166/sqft vs ZIP $168 −1%
0.87 lender DSCR (est.)
Rent covers the estimated payment 0.87× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,248/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 18%
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,248Rent estimate / mo
0.87Lender DSCR (est.)
$1,924Taxes / yr · county assessor
$168ZIP median $ / sqft
11/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,248 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$160 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $-186 |
The numbers
- Price
- $225,000
- $ / sq ft
- $166 ZIP median $168
- Rent estimate
- $1,248/mo ZIP + bedroom comps
- Property taxes
- $1,924/yr 2% cap on assessed value $96,200
- PITIA (assumed)
- $1,434/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.87 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 11/100 price cut 18%
The property
- Beds / baths
- 2 / 1
- Living area
- 1,355 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1880
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116159
- Listed
- Jul 24, 2026
- Days on market
- 85
- Listing agent
- Jennifer S Blandford · Carpenter Realtors, Zionsville
3178472695 · jblandford@callcarpenter.com - Price history
- First asked $264,900 · previously $264,900 cut $39,900
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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.