1 / 6
65score
$69,900
MLS
Street view2229 Martha St
Indianapolis IN 46221 · Single Family · built 1940
2 bd1 ba966 sqft$72/sqft vs ZIP $145 −50%
1.82 lender DSCR (est.)
Rent covers the estimated payment 1.82× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $950/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 1.8250% under ZIP $/sqftverify conditionbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$69,900List price
$950Rent estimate / mo
1.82Lender DSCR (est.)
$1,502Taxes / yr · county assessor
$145ZIP median $ / sqft
65/100Deal Score
Monthly picture (illustrative)
| Rent est. | $950 |
| − Mortgage (P&I) | −$367 |
| − Taxes | −$125 |
| − Insurance | −$29 |
| = Cash flow before vacancy & repairs | $429 |
The numbers
- Price
- $69,900
- $ / sq ft
- $72 ZIP median $145
- Rent estimate
- $950/mo ZIP + bedroom comps
- Property taxes
- $1,502/yr 2% cap on assessed value $75,100
- PITIA (assumed)
- $521/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.82 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 65/100 DSCR 1.82 · 50% under ZIP $/sqft · verify condition · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 966 sq ft
- Lot
- 8,276 sq ft
- Year built
- 1940
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22124761
- Listed
- Sep 10, 2026
- Days on market
- 22
- Listing agent
- Kelly Johnson · Exp Realty, LLC
3178634558 · kelly@kellysindyhomes.com - Price history
- First asked $69,900
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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.