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16score
$154,900
MLS
Street view2218 Gilbert Ave
Indianapolis IN 46227 · Single Family · built 1948
2 bd1 ba1,048 sqft$148/sqft vs ZIP $161 −8%
1.04 lender DSCR (est.)
Rent covers the estimated payment 1.04× · walk-away floor 1.20 · high 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.
8% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$154,900List price
$1,150Rent estimate / mo
1.04Lender DSCR (est.)
$2,786Taxes / yr · county assessor
$161ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,150 |
| − Mortgage (P&I) | −$812 |
| − Taxes | −$232 |
| − Insurance | −$65 |
| = Cash flow before vacancy & repairs | $41 |
The numbers
- Price
- $154,900
- $ / sq ft
- $148 ZIP median $161
- Rent estimate
- $1,150/mo ZIP + bedroom comps
- Property taxes
- $2,786/yr 2% cap on assessed value $139,300
- PITIA (assumed)
- $1,109/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.04 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 8% under ZIP $/sqft
The property
- Beds / baths
- 2 / 1
- Living area
- 1,048 sq ft
- Lot
- 24,829 sq ft
- Year built
- 1948
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125433
- Listed
- Sep 14, 2026
- Days on market
- 17
- Listing agent
- Michael Crafton · Landtree, REALTORS®
3175076453 · craftonc21@aol.com - Price history
- First asked $154,900
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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.