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37score
$174,900
MLS
Street view241 N Pershing Ave
Indianapolis IN 46222 · Single Family · built 1910
3 bd2 ba1,224 sqft$143/sqft vs ZIP $158 −10%
1.35 lender DSCR (est.)
Rent covers the estimated payment 1.35× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,700/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 1.359% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$174,900List price
$1,700Rent estimate / mo
1.35Lender DSCR (est.)
$3,210Taxes / yr · county assessor
$158ZIP median $ / sqft
37/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,700 |
| − Mortgage (P&I) | −$917 |
| − Taxes | −$268 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $442 |
The numbers
- Price
- $174,900
- $ / sq ft
- $143 ZIP median $158
- Rent estimate
- $1,700/mo ZIP + bedroom comps
- Property taxes
- $3,210/yr 2% cap on assessed value $160,500
- PITIA (assumed)
- $1,258/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.35 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 37/100 DSCR 1.35 · 9% under ZIP $/sqft
The property
- Beds / baths
- 3 / 2
- Living area
- 1,224 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22087680
- Listed
- Mar 6, 2026
- Days on market
- 225
- Listing agent
- Matthew Jones · The Modglin Group
3173621108 · matthew@themodglingroup.com - Price history
- First asked $174,900
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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.