1 / 6
19score
↓ $7,000
$225,000
MLS
Street view2308 E 69th St
Indianapolis IN 46220 · Single Family · built 1950
2 bd2 ba984 sqft$229/sqft vs ZIP $208 +10%
1.02 lender DSCR (est.)
Rent covers the estimated payment 1.02× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,710/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 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,710Rent estimate / mo
1.02Lender DSCR (est.)
$4,810Taxes / yr · county assessor
$208ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$401 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $35 |
The numbers
- Price
- $225,000
- $ / sq ft
- $229 ZIP median $208
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $4,810/yr 2% cap on assessed value $240,500
- PITIA (assumed)
- $1,675/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.02 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 price cut 3% · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 984 sq ft
- Lot
- 12,632 sq ft
- Year built
- 1950
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116301
- Listed
- Jul 24, 2026
- Days on market
- 85
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $232,000 · previously $232,000 cut $7,000
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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.