1 / 6
0score
$299,000
MLS
Street view2223 Prospect St
Indianapolis IN 46203 · Multi-Family · built 1920
6 bd4 ba
0.83 lender DSCR (est.)
Rent covers the estimated payment 0.83× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,772/mo (HUD fair-market rent) ÷ 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.
The underwriting
The numbers (estimates, illustrative)
$299,000List price
$1,772Rent estimate / mo
0.83Lender DSCR (est.)
$5,216Taxes / yr · county assessor
$168ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,772 |
| − Mortgage (P&I) | −$1,568 |
| − Taxes | −$435 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $-355 |
The numbers
- Price
- $299,000
- $ / sq ft
- —
- Rent estimate
- $1,772/mo HUD fair-market rent
- Property taxes
- $5,216/yr 2% cap on assessed value $260,800
- PITIA (assumed)
- $2,127/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.83 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 6 / 4
- Living area
- —
- Lot
- 5,227 sq ft
- Year built
- 1920
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127423
- Listed
- Sep 24, 2026
- Days on market
- 8
- Listing agent
- Peter Stewart · Keller Williams Indpls Metro N
3174509202 · peter@peterstewartrealty.com - Price history
- First asked $299,000
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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.