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30score
$299,900
MLS
Street view1542 S Alabama St
Indianapolis IN 46225 · Single Family · built 1900
4 bd3.5 ba2,366 sqft$127/sqft vs ZIP $148 −14%
1.10 lender DSCR (est.)
Rent covers the estimated payment 1.10× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,650/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.
15% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$2,650Rent estimate / mo
1.10Lender DSCR (est.)
$8,550Taxes / yr · county assessor
$148ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,650 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$713 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $240 |
The numbers
- Price
- $299,900
- $ / sq ft
- $127 ZIP median $148
- Rent estimate
- $2,650/mo ZIP + bedroom comps
- Property taxes
- $8,550/yr 2% cap on assessed value $427,500
- PITIA (assumed)
- $2,410/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 15% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 4 / 3.5
- Living area
- 2,366 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1900
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22102598
- Listed
- May 17, 2026
- Days on market
- 153
- Listing agent
- Fred Mcintire · Keller Williams Indy Metro W
3179658034 · fredmcintire@gmail.com - Price history
- First asked $299,900
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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.