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30score
New
$249,900
MLS
Street view2322 Prospect St
Indianapolis IN 46203 · Multi-Family · built 1921
1 bd1 ba2,700 sqft$93/sqft vs ZIP $168 −45%
0.57 lender DSCR (est.)
Rent covers the estimated payment 0.57× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $975/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.
45% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$249,900List price
$975Rent estimate / mo
0.57Lender DSCR (est.)
$3,404Taxes / yr · county assessor
$168ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $975 |
| − Mortgage (P&I) | −$1,311 |
| − Taxes | −$284 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $-723 |
The numbers
- Price
- $249,900
- $ / sq ft
- $93 ZIP median $168
- Rent estimate
- $975/mo ZIP + bedroom comps
- Property taxes
- $3,404/yr 2% cap on assessed value $170,200
- PITIA (assumed)
- $1,698/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.57 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 45% under ZIP $/sqft · new this week
The property
- Beds / baths
- 1 / 1
- Living area
- 2,700 sq ft
- Lot
- 4,792 sq ft
- Year built
- 1921
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125171
- Listed
- Oct 14, 2026
- Days on market
- 4
- Listing agent
- Trent Kiester · @properties
3176506289 · trentkiester@atpropertiesind.com - Price history
- First asked $249,900
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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.