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
7score
↓ $10,000
$305,000
MLS
Street view1822 Lexington Ave
Indianapolis IN 46203 · Single Family · built 1913
3 bd3 ba1,629 sqft$187/sqft vs ZIP $168 +11%
0.68 lender DSCR (est.)
Rent covers the estimated payment 0.68× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/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.
price cut 3%
The underwriting
The numbers (estimates, illustrative)
$305,000List price
$1,500Rent estimate / mo
0.68Lender DSCR (est.)
$5,712Taxes / yr · county assessor
$168ZIP median $ / sqft
7/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,599 |
| − Taxes | −$476 |
| − Insurance | −$127 |
| = Cash flow before vacancy & repairs | $-703 |
The numbers
- Price
- $305,000
- $ / sq ft
- $187 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $5,712/yr 2% cap on assessed value $285,600
- PITIA (assumed)
- $2,203/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.68 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 7/100 price cut 3%
The property
- Beds / baths
- 3 / 3
- Living area
- 1,629 sq ft
- Lot
- 3,485 sq ft
- Year built
- 1913
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22124214
- Listed
- Sep 4, 2026
- Days on market
- 29
- Listing agent
- Matthew Jones · The Modglin Group
3173621108 · matthew@themodglingroup.com - Price history
- First asked $315,000 · previously $315,000 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.