1 / 6
80score
↓ $9,900
$120,000
MLS
Street view2403 N Parker Ave
Indianapolis IN 46218 · Single Family · built 1954
4 bd2 ba1,400 sqft$86/sqft vs ZIP $138 −38%
2.05 lender DSCR (est.)
Rent covers the estimated payment 2.05× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,600/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.
DSCR 2.0538% under ZIP $/sqftprice cut 8%
The underwriting
The numbers (estimates, illustrative)
$120,000List price
$1,600Rent estimate / mo
2.05Lender DSCR (est.)
$1,204Taxes / yr · county assessor
$138ZIP median $ / sqft
80/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,600 |
| − Mortgage (P&I) | −$629 |
| − Taxes | −$100 |
| − Insurance | −$50 |
| = Cash flow before vacancy & repairs | $820 |
The numbers
- Price
- $120,000
- $ / sq ft
- $86 ZIP median $138
- Rent estimate
- $1,600/mo ZIP + bedroom comps
- Property taxes
- $1,204/yr 2% cap on assessed value $60,200
- PITIA (assumed)
- $780/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 2.05 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 80/100 DSCR 2.05 · 38% under ZIP $/sqft · price cut 8%
The property
- Beds / baths
- 4 / 2
- Living area
- 1,400 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1954
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22102347
- Listed
- May 15, 2026
- Days on market
- 153
- Listing agent
- Brian Williams · Carpenter Realtors, Northwest
3176016187 · bwilliams@callcarpenter.com - Price history
- First asked $129,900 · previously $129,900 cut $9,900
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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.