1 / 6
21score
↓ $2,000
$175,000
MLS
Street view1940 N Dearborn St
Indianapolis IN 46218 · Single Family · built 1920
3 bd1.5 ba1,344 sqft$130/sqft vs ZIP $138 −6%
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. $1,346/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 1%
The underwriting
The numbers (estimates, illustrative)
$175,000List price
$1,346Rent estimate / mo
1.12Lender DSCR (est.)
$2,552Taxes / yr · county assessor
$138ZIP median $ / sqft
21/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,346 |
| − Mortgage (P&I) | −$918 |
| − Taxes | −$213 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $143 |
The numbers
- Price
- $175,000
- $ / sq ft
- $130 ZIP median $138
- Rent estimate
- $1,346/mo ZIP + bedroom comps
- Property taxes
- $2,552/yr 2% cap on assessed value $127,600
- PITIA (assumed)
- $1,203/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
- 21/100 price cut 1%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,344 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22109069
- Listed
- Jun 19, 2026
- Days on market
- 120
- Listing agent
- Perla Palma Nunez · Keller Williams Indy Metro S
3176921998 · ppalma@callcarpenter.com - Price history
- First asked $177,000 · previously $177,000 cut $2,000
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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.