1 / 6
45score
↓ $5,000
$119,900
MLS
Street view2402 E 16th St
Indianapolis IN 46201 · Single Family · built 1908
2 bd1.5 ba2,287 sqft$52/sqft vs ZIP $141 −63%
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. $1,195/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.
63% under ZIP $/sqftverify conditionprice cut 4%below assessed value
The underwriting
The numbers (estimates, illustrative)
$119,900List price
$1,195Rent estimate / mo
1.17Lender DSCR (est.)
$4,164Taxes / yr · county assessor
$141ZIP median $ / sqft
45/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$629 |
| − Taxes | −$347 |
| − Insurance | −$50 |
| = Cash flow before vacancy & repairs | $169 |
The numbers
- Price
- $119,900
- $ / sq ft
- $52 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $4,164/yr 2% cap on assessed value $208,200
- PITIA (assumed)
- $1,026/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
- 45/100 63% under ZIP $/sqft · verify condition · price cut 4% · below assessed value
The property
- Beds / baths
- 2 / 1.5
- Living area
- 2,287 sq ft
- Lot
- 6,970 sq ft
- Year built
- 1908
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110551
- Listed
- Jun 26, 2026
- Days on market
- 113
- Listing agent
- Kurt Clements · Diverse Property Solutions Ind
3175783827 · kurt@diversepsi.com - Price history
- First asked $124,900 · previously $124,900 cut $5,000
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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.