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0score
New Construction
$399,900
MLS
Street view1651 Lexington Ave
Indianapolis IN 46203 · Single Family · built 2025
2 bd3.5 ba1,901 sqft$210/sqft vs ZIP $168 +25%
0.47 lender DSCR (est.)
Rent covers the estimated payment 0.47× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,248/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
The underwriting
The numbers (estimates, illustrative)
$399,900List price
$1,248Rent estimate / mo
0.47Lender DSCR (est.)
$4,799Taxes / yr · assumed 1.2%
$168ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,248 |
| − Mortgage (P&I) | −$2,097 |
| − Taxes | −$400 |
| − Insurance | −$167 |
| = Cash flow before vacancy & repairs | $-1,416 |
The numbers
- Price
- $399,900
- $ / sq ft
- $210 ZIP median $168
- Rent estimate
- $1,248/mo ZIP + bedroom comps
- Property taxes
- $4,799/yr assumed 1.2% of price
- PITIA (assumed)
- $2,664/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.47 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 3.5
- Living area
- 1,901 sq ft
- Lot
- 2,178 sq ft
- Year built
- 2025
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22098451
- Listed
- Apr 30, 2026
- Days on market
- 156
- Listing agent
- Josh Carpenter · Trueblood Real Estate
3174029111 · josh@wesellindyteam.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.