1 / 6
20score
↓ $24,900
$175,000
MLS
Street view226 Gazebo Dr
Indianapolis IN 46227 · Single Family · built 2004
2 bd1 ba1,193 sqft$147/sqft vs ZIP $156 −6%
0.85 lender DSCR (est.)
Rent covers the estimated payment 0.85× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,170/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.
price cut 14%below assessed value
The underwriting
The numbers (estimates, illustrative)
$175,000List price
$1,170Rent estimate / mo
0.85Lender DSCR (est.)
$4,222Taxes / yr · county assessor
$156ZIP median $ / sqft
20/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,170 |
| − Mortgage (P&I) | −$918 |
| − Taxes | −$352 |
| − Insurance | −$73 |
| − HOA | −$30 |
| = Cash flow before vacancy & repairs | $-202 |
The numbers
- Price
- $175,000
- $ / sq ft
- $147 ZIP median $156
- Rent estimate
- $1,170/mo ZIP + bedroom comps
- Property taxes
- $4,222/yr 2% cap on assessed value $211,100
- PITIA (assumed)
- $1,372/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $30/mo
- Lender DSCR (est.)
- 0.85 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 20/100 price cut 14% · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 1,193 sq ft
- Lot
- 4,356 sq ft
- Year built
- 2004
- Property type
- Single Family
- HOA
- $30/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121150
- Listed
- Aug 20, 2026
- Days on market
- 57
- Listing agent
- David Brenton · DAVID BRENTON'S TEAM
3178827210 · david@thebrentonteam.com - Price history
- First asked $199,900 · previously $187,500 cut $24,900
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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.