1 / 6
34score
New
$240,000
MLS
Street view1646 Allison Ave
Indianapolis IN 46224 · Single Family · built 1950
3 bd1.5 ba2,060 sqft$117/sqft vs ZIP $162 −28%
0.99 lender DSCR (est.)
Rent covers the estimated payment 0.99× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,700/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.
28% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$240,000List price
$1,700Rent estimate / mo
0.99Lender DSCR (est.)
$4,256Taxes / yr · county assessor
$162ZIP median $ / sqft
34/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,700 |
| − Mortgage (P&I) | −$1,259 |
| − Taxes | −$355 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $-13 |
The numbers
- Price
- $240,000
- $ / sq ft
- $117 ZIP median $162
- Rent estimate
- $1,700/mo ZIP + bedroom comps
- Property taxes
- $4,256/yr 2% cap on assessed value $212,800
- PITIA (assumed)
- $1,713/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.99 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 34/100 28% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 1.5
- Living area
- 2,060 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1950
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133359
- Listed
- Oct 29, 2026
- Days on market
- 3
- Listing agent
- Kyle Williams · Compass Indiana, LLC
3177052500 · kyle@soldwithkyle.com - Price history
- First asked $240,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.