Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
8score
↓ $5,400
$374,500
MLS
Street view1547 Spann Ave
Indianapolis IN 46203 · Single Family · built 2020
3 bd3 ba1,876 sqft$200/sqft vs ZIP $168 +19%
0.52 lender DSCR (est.)
Rent covers the estimated payment 0.52× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/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 1%below assessed value
The underwriting
The numbers (estimates, illustrative)
$374,500List price
$1,500Rent estimate / mo
0.52Lender DSCR (est.)
$9,274Taxes / yr · county assessor
$168ZIP median $ / sqft
8/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,964 |
| − Taxes | −$773 |
| − Insurance | −$156 |
| = Cash flow before vacancy & repairs | $-1,393 |
The numbers
- Price
- $374,500
- $ / sq ft
- $200 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $9,274/yr 2% cap on assessed value $463,700
- PITIA (assumed)
- $2,893/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.52 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 8/100 price cut 1% · below assessed value
The property
- Beds / baths
- 3 / 3
- Living area
- 1,876 sq ft
- Lot
- 3,920 sq ft
- Year built
- 2020
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114364
- Listed
- Jul 21, 2026
- Days on market
- 74
- Listing agent
- Lisa Bishop · Century 21 Scheetz
3175950021 · lbishop@c21scheetz.com - Price history
- First asked $379,900 · previously $379,900 cut $5,400
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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.