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48score
$135,900
MLS
Street view2131 N Spencer Ave
Indianapolis IN 46218 · Single Family · built 1971
3 bd2 ba1,272 sqft$107/sqft vs ZIP $138 −23%
1.28 lender DSCR (est.)
Rent covers the estimated payment 1.28× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,392/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.
DSCR 1.2822% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$135,900List price
$1,392Rent estimate / mo
1.28Lender DSCR (est.)
$3,774Taxes / yr · county assessor
$138ZIP median $ / sqft
48/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,392 |
| − Mortgage (P&I) | −$713 |
| − Taxes | −$315 |
| − Insurance | −$57 |
| = Cash flow before vacancy & repairs | $308 |
The numbers
- Price
- $135,900
- $ / sq ft
- $107 ZIP median $138
- Rent estimate
- $1,392/mo ZIP + bedroom comps
- Property taxes
- $3,774/yr 2% cap on assessed value $188,700
- PITIA (assumed)
- $1,084/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.28 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 48/100 DSCR 1.28 · 22% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,272 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1971
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22090595
- Listed
- Sep 11, 2026
- Days on market
- 21
- Listing agent
- Sandra M. Daley · Dal Sand
3174660600 - Price history
- First asked $135,900
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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.