1 / 6
22score
New
$255,000
MLS
Street view2043 Gerrard Ave
Indianapolis IN 46224 · Single Family · built 1951
2 bd2 ba1,972 sqft$129/sqft vs ZIP $162 −20%
0.63 lender DSCR (est.)
Rent covers the estimated payment 0.63× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,150/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.
20% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$255,000List price
$1,150Rent estimate / mo
0.63Lender DSCR (est.)
$4,524Taxes / yr · county assessor
$162ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,150 |
| − Mortgage (P&I) | −$1,337 |
| − Taxes | −$377 |
| − Insurance | −$106 |
| = Cash flow before vacancy & repairs | $-670 |
The numbers
- Price
- $255,000
- $ / sq ft
- $129 ZIP median $162
- Rent estimate
- $1,150/mo ZIP + bedroom comps
- Property taxes
- $4,524/yr 2% cap on assessed value $226,200
- PITIA (assumed)
- $1,820/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.63 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 20% under ZIP $/sqft · new this week
The property
- Beds / baths
- 2 / 2
- Living area
- 1,972 sq ft
- Lot
- 6,578 sq ft
- Year built
- 1951
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133463
- Listed
- Oct 26, 2026
- Days on market
- 6
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $255,000
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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.