1 / 6
28score
↓ $25,000
$235,000
MLS
Street view2356 Columbia Ave
Indianapolis IN 46205 · Multi-Family · built 1915
3 bd2 ba
1.17 lender DSCR (est.)
Rent covers the estimated payment 1.17× · 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 11%
The underwriting
The numbers (estimates, illustrative)
$235,000List price
$1,710Rent estimate / mo
1.17Lender DSCR (est.)
$1,516Taxes / yr · county assessor
$165ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$126 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $253 |
The numbers
- Price
- $235,000
- $ / sq ft
- —
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $1,516/yr 2% cap on assessed value $75,800
- PITIA (assumed)
- $1,457/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.17 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 price cut 11%
The property
- Beds / baths
- 3 / 2
- Living area
- —
- Lot
- 5,663 sq ft
- Year built
- 1915
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22111642
- Listed
- Jul 1, 2026
- Days on market
- 108
- Listing agent
- Patrick Mcneill · Ask Pat About Real Estate
3177728804 · mcneillpatrick@live.com - Price history
- First asked $260,000 · previously $260,000 cut $25,000
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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.