1 / 6
9score
$424,900
MLS
Street view224 Dorman St
Indianapolis IN 46202 · Single Family · built 1900
3 bd3 ba2,296 sqft$185/sqft vs ZIP $207 −11%
0.62 lender DSCR (est.)
Rent covers the estimated payment 0.62× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,845/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.
10% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$424,900List price
$1,845Rent estimate / mo
0.62Lender DSCR (est.)
$7,096Taxes / yr · county assessor
$207ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,845 |
| − Mortgage (P&I) | −$2,228 |
| − Taxes | −$591 |
| − Insurance | −$177 |
| = Cash flow before vacancy & repairs | $-1,152 |
The numbers
- Price
- $424,900
- $ / sq ft
- $185 ZIP median $207
- Rent estimate
- $1,845/mo ZIP + bedroom comps
- Property taxes
- $7,096/yr 2% cap on assessed value $354,800
- PITIA (assumed)
- $2,997/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.62 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 10% under ZIP $/sqft
The property
- Beds / baths
- 3 / 3
- Living area
- 2,296 sq ft
- Lot
- 2,614 sq ft
- Year built
- 1900
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126450
- Listed
- Sep 24, 2026
- Days on market
- 9
- Listing agent
- Christi Coffey · F.C. Tucker Company - South
3178883311 · christi@callcoffey.com - Price history
- First asked $424,900
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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.