1 / 6
54score
↓ $15,000
$209,900
MLS
Street view1653 S Delaware St
Indianapolis IN 46225 · Single Family · built 1885
3 bd3 ba1,928 sqft$109/sqft vs ZIP $148 −26%
1.12 lender DSCR (est.)
Rent covers the estimated payment 1.12× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,900/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.
27% under ZIP $/sqftprice cut 7%below assessed valueregistered rental
The underwriting
The numbers (estimates, illustrative)
$209,900List price
$1,900Rent estimate / mo
1.12Lender DSCR (est.)
$6,058Taxes / yr · county assessor
$148ZIP median $ / sqft
54/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,900 |
| − Mortgage (P&I) | −$1,101 |
| − Taxes | −$505 |
| − Insurance | −$87 |
| = Cash flow before vacancy & repairs | $207 |
The numbers
- Price
- $209,900
- $ / sq ft
- $109 ZIP median $148
- Rent estimate
- $1,900/mo ZIP + bedroom comps
- Property taxes
- $6,058/yr 2% cap on assessed value $302,900
- PITIA (assumed)
- $1,693/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.12 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 54/100 27% under ZIP $/sqft · price cut 7% · below assessed value · registered rental
The property
- Beds / baths
- 3 / 3
- Living area
- 1,928 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1885
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22113486
- Listed
- Jul 17, 2026
- Days on market
- 92
- Listing agent
- Peter Stewart · Keller Williams Indpls Metro N
3174509202 · peter@peterstewartrealty.com - Price history
- First asked $224,900 · previously $224,900 cut $15,000
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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.