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26score
New
$179,900
MLS
Street view1607 S State Ave
Indianapolis IN 46203 · Single Family · built 1926
2 bd1.5 ba1,188 sqft$151/sqft vs ZIP $168 −10%
1.09 lender DSCR (est.)
Rent covers the estimated payment 1.09× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,333/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.
10% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$179,900List price
$1,333Rent estimate / mo
1.09Lender DSCR (est.)
$2,388Taxes / yr · county assessor
$168ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,333 |
| − Mortgage (P&I) | −$943 |
| − Taxes | −$199 |
| − Insurance | −$75 |
| = Cash flow before vacancy & repairs | $116 |
The numbers
- Price
- $179,900
- $ / sq ft
- $151 ZIP median $168
- Rent estimate
- $1,333/mo ZIP + bedroom comps
- Property taxes
- $2,388/yr 2% cap on assessed value $119,400
- PITIA (assumed)
- $1,217/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.09 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 10% under ZIP $/sqft · new this week
The property
- Beds / baths
- 2 / 1.5
- Living area
- 1,188 sq ft
- Lot
- 3,485 sq ft
- Year built
- 1926
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133910
- Listed
- Oct 28, 2026
- Days on market
- 4
- Listing agent
- A Avery Garrett · Streamlined Realty
3177212274 · soldbyavery@gmail.com - Price history
- First asked $179,900
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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.