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12score
$399,900
MLS
Street view1602 E Vermont St
Indianapolis IN 46201 · Multi-Family · built 1910
6 bd4 ba3,168 sqft$126/sqft vs ZIP $138 −9%
0.55 lender DSCR (est.)
Rent covers the estimated payment 0.55× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,635/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.
9% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$399,900List price
$1,635Rent estimate / mo
0.55Lender DSCR (est.)
$8,314Taxes / yr · county assessor
$138ZIP median $ / sqft
12/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,635 |
| − Mortgage (P&I) | −$2,097 |
| − Taxes | −$693 |
| − Insurance | −$167 |
| = Cash flow before vacancy & repairs | $-1,322 |
The numbers
- Price
- $399,900
- $ / sq ft
- $126 ZIP median $138
- Rent estimate
- $1,635/mo HUD fair-market rent
- Property taxes
- $8,314/yr 2% cap on assessed value $415,700
- PITIA (assumed)
- $2,957/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.55 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 12/100 9% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 6 / 4
- Living area
- 3,168 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1910
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130450
- Listed
- Oct 8, 2026
- Days on market
- 24
- Listing agent
- Mike Miller · F.C. Tucker Company - Keystone at the Crossing
3172596000 · mike.miller@talktotucker.com - Price history
- First asked $399,900
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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.