1 / 6
50score
New
$205,000
MLS
Street view2417 S State Ave
Indianapolis IN 46203 · Multi-Family · built 1959
4 bd2 ba793 sqft$259/sqft vs ZIP $168 +54%
1.61 lender DSCR (est.)
Rent covers the estimated payment 1.61× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,250/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 1.61new this week
The underwriting
The numbers (estimates, illustrative)
$205,000List price
$2,250Rent estimate / mo
1.61Lender DSCR (est.)
$2,834Taxes / yr · county assessor
$168ZIP median $ / sqft
50/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,250 |
| − Mortgage (P&I) | −$1,075 |
| − Taxes | −$236 |
| − Insurance | −$85 |
| = Cash flow before vacancy & repairs | $853 |
The numbers
- Price
- $205,000
- $ / sq ft
- $259 ZIP median $168
- Rent estimate
- $2,250/mo ZIP + bedroom comps
- Property taxes
- $2,834/yr 2% cap on assessed value $141,700
- PITIA (assumed)
- $1,397/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.61 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 50/100 DSCR 1.61 · new this week
The property
- Beds / baths
- 4 / 2
- Living area
- 793 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1959
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127849
- Listed
- Sep 25, 2026
- Days on market
- 7
- Listing agent
- Anthwon Thomas · Exp Realty, LLC
7654301141 · anthwon@thewheelergrouplafayette.com - Price history
- First asked $205,000
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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.