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16score
New Construction
$175,000
MLS
Street view2144 N Drexel Ave
Indianapolis IN 46218 · Single Family · built 2026
3 bd2 ba960 sqft$182/sqft vs ZIP $138 +32%
1.15 lender DSCR (est.)
Rent covers the estimated payment 1.15× · walk-away floor 1.20 · medium 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 assumed at 1.2% of price. Assumptions as of 2026-09-12.
The underwriting
The numbers (estimates, illustrative)
$175,000List price
$1,346Rent estimate / mo
1.15Lender DSCR (est.)
$2,100Taxes / yr · assumed 1.2%
$138ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,346 |
| − Mortgage (P&I) | −$918 |
| − Taxes | −$175 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $180 |
The numbers
- Price
- $175,000
- $ / sq ft
- $182 ZIP median $138
- Rent estimate
- $1,346/mo ZIP + bedroom comps
- Property taxes
- $2,100/yr assumed 1.2% of price
- PITIA (assumed)
- $1,166/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.15 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100
The property
- Beds / baths
- 3 / 2
- Living area
- 960 sq ft
- Lot
- 6,098 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22091901
- Listed
- Mar 27, 2026
- Days on market
- 204
- Listing agent
- Andrew Heimer · Heimer Real Estate Llc
3175905829 · drew@heimerllc.com - Price history
- First asked $175,000
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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.