1 / 6
22score
↓ $15,000
$175,000
MLS
Street view226 S Gladstone Ave
Indianapolis IN 46201 · Single Family · built 1953
2 bd2 ba1,173 sqft$149/sqft vs ZIP $141 +6%
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. $1,195/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 9%registered rental
The underwriting
The numbers (estimates, illustrative)
$175,000List price
$1,195Rent estimate / mo
1.04Lender DSCR (est.)
$1,876Taxes / yr · county assessor
$141ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$918 |
| − Taxes | −$156 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $48 |
The numbers
- Price
- $175,000
- $ / sq ft
- $149 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $1,876/yr 2% cap on assessed value $93,800
- PITIA (assumed)
- $1,147/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
- 22/100 price cut 9% · registered rental
The property
- Beds / baths
- 2 / 2
- Living area
- 1,173 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1953
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22123839
- Listed
- Sep 1, 2026
- Days on market
- 46
- Listing agent
- Sara Grubbs · The Modglin Group
3179878177 · sara.grubbs89@gmail.com - Price history
- First asked $190,000 · previously $190,000 cut $15,000
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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.