1 / 6
36score
↓ $15,099
$279,900
MLS
Street view236 Bixler Rd
Indianapolis IN 46227 · Single Family · built 1965
3 bd2 ba2,416 sqft$116/sqft vs ZIP $156 −26%
0.89 lender DSCR (est.)
Rent covers the estimated payment 0.89× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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.
26% under ZIP $/sqftprice cut 5%below assessed value
The underwriting
The numbers (estimates, illustrative)
$279,900List price
$1,850Rent estimate / mo
0.89Lender DSCR (est.)
$5,904Taxes / yr · county assessor
$156ZIP median $ / sqft
36/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,468 |
| − Taxes | −$492 |
| − Insurance | −$117 |
| = Cash flow before vacancy & repairs | $-226 |
The numbers
- Price
- $279,900
- $ / sq ft
- $116 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $5,904/yr 2% cap on assessed value $295,200
- PITIA (assumed)
- $2,076/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.89 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 36/100 26% under ZIP $/sqft · price cut 5% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 2,416 sq ft
- Lot
- 19,166 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22107816
- Listed
- Jun 12, 2026
- Days on market
- 127
- Listing agent
- Eric Avila · Trueblood Real Estate
3175139975 · eavila@truebloodre.com - Price history
- First asked $294,999 · previously $289,900 cut $15,099
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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.