1 / 6
0score
$179,900
MLS
Street view228 S Arlington Ave
Indianapolis IN 46219 · Single Family · built 1925
2 bd1 ba912 sqft$197/sqft vs ZIP $145 +36%
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. $1,050/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.
The underwriting
The numbers (estimates, illustrative)
$179,900List price
$1,050Rent estimate / mo
0.85Lender DSCR (est.)
$2,600Taxes / yr · county assessor
$145ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,050 |
| − Mortgage (P&I) | −$943 |
| − Taxes | −$217 |
| − Insurance | −$75 |
| = Cash flow before vacancy & repairs | $-185 |
The numbers
- Price
- $179,900
- $ / sq ft
- $197 ZIP median $145
- Rent estimate
- $1,050/mo ZIP + bedroom comps
- Property taxes
- $2,600/yr 2% cap on assessed value $130,000
- PITIA (assumed)
- $1,235/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.85 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 912 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1925
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125274
- Listed
- Sep 10, 2026
- Days on market
- 22
- Listing agent
- Justin Capps · Ferris Property Group
3176948679 · justin@cappsrealty.com - Price history
- First asked $179,900
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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.