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25score
$239,900
MLS
Street view1636 Montcalm St
Indianapolis IN 46202 · Single Family · built 1965
3 bd2.5 ba2,619 sqft$92/sqft vs ZIP $207 −56%
1.05 lender DSCR (est.)
Rent covers the estimated payment 1.05× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,845/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.
56% under ZIP $/sqftverify condition
The underwriting
The numbers (estimates, illustrative)
$239,900List price
$1,845Rent estimate / mo
1.05Lender DSCR (est.)
$4,780Taxes / yr · county assessor
$207ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,845 |
| − Mortgage (P&I) | −$1,258 |
| − Taxes | −$398 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $89 |
The numbers
- Price
- $239,900
- $ / sq ft
- $92 ZIP median $207
- Rent estimate
- $1,845/mo ZIP + bedroom comps
- Property taxes
- $4,780/yr 2% cap on assessed value $239,000
- PITIA (assumed)
- $1,756/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.05 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 56% under ZIP $/sqft · verify condition
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,619 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126599
- Listed
- Sep 17, 2026
- Days on market
- 15
- Listing agent
- Lori Summers · Broker Direct Realty, Llc
3174522410 · lrsummers@comcast.net - Price history
- First asked $239,900
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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.