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
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29score
↓ $25,000
$565,000
MLS
Street view1610 N Delaware St
Indianapolis IN 46202 · Single Family · built 1895
6 bd5.5 ba5,729 sqft$99/sqft vs ZIP $207 −52%
0.60 lender DSCR (est.)
Rent covers the estimated payment 0.60× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,526/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.
52% under ZIP $/sqftverify conditionprice cut 4%below assessed value
The underwriting
The numbers (estimates, illustrative)
$565,000List price
$2,526Rent estimate / mo
0.60Lender DSCR (est.)
$12,088Taxes / yr · county assessor
$207ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,526 |
| − Mortgage (P&I) | −$2,963 |
| − Taxes | −$1,007 |
| − Insurance | −$235 |
| = Cash flow before vacancy & repairs | $-1,680 |
The numbers
- Price
- $565,000
- $ / sq ft
- $99 ZIP median $207
- Rent estimate
- $2,526/mo HUD fair-market rent
- Property taxes
- $12,088/yr 2% cap on assessed value $604,400
- PITIA (assumed)
- $4,206/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.60 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 52% under ZIP $/sqft · verify condition · price cut 4% · below assessed value
The property
- Beds / baths
- 6 / 5.5
- Living area
- 5,729 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1895
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22090438
- Listed
- Mar 20, 2026
- Days on market
- 197
- Listing agent
- Chuck Pennington · Victor & Valor Property Group
3174179757 · chuck@victor-valor.com - Price history
- First asked $590,000 · previously $590,000 cut $25,000
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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.