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
1 / 6
4score
↓ $10,000
$489,000
MLS
Street view1724 Woodlawn Ave
Indianapolis IN 46203 · Multi-Family · built 1930
6 bd4 ba2,792 sqft$175/sqft vs ZIP $168 +4%
0.51 lender DSCR (est.)
Rent covers the estimated payment 0.51× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,759/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.
price cut 2%
The underwriting
The numbers (estimates, illustrative)
$489,000List price
$1,759Rent estimate / mo
0.51Lender DSCR (est.)
$8,382Taxes / yr · county assessor
$168ZIP median $ / sqft
4/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,759 |
| − Mortgage (P&I) | −$2,564 |
| − Taxes | −$699 |
| − Insurance | −$204 |
| = Cash flow before vacancy & repairs | $-1,708 |
The numbers
- Price
- $489,000
- $ / sq ft
- $175 ZIP median $168
- Rent estimate
- $1,759/mo HUD fair-market rent
- Property taxes
- $8,382/yr 2% cap on assessed value $419,100
- PITIA (assumed)
- $3,467/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.51 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 4/100 price cut 2%
The property
- Beds / baths
- 6 / 4
- Living area
- 2,792 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1930
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118484
- Listed
- Aug 10, 2026
- Days on market
- 54
- Listing agent
- Mike Feldman · Compass Indiana, LLC
3179655034 · mike.feldman@realtyqwest.com - Price history
- First asked $499,000 · previously $499,000 cut $10,000
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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.