1 / 6
16score
New
$205,000
MLS
Street view2417 S State Ave
Indianapolis IN 47203 · Multi-Family · built 1959
4 bd2 ba1,664 sqft$123/sqft
1.07 lender DSCR (est.)
Rent covers the estimated payment 1.07× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,496/mo (HUD fair-market rent) ÷ 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.
new this week
The underwriting
The numbers (estimates, illustrative)
$205,000List price
$1,496Rent estimate / mo
1.07Lender DSCR (est.)
$2,834Taxes / yr · county assessor
—ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,496 |
| − Mortgage (P&I) | −$1,075 |
| − Taxes | −$236 |
| − Insurance | −$85 |
| = Cash flow before vacancy & repairs | $99 |
The numbers
- Price
- $205,000
- $ / sq ft
- $123
- Rent estimate
- $1,496/mo HUD fair-market rent
- 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.)
- 1.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 new this week
The property
- Beds / baths
- 4 / 2
- Living area
- 1,664 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 #
- 202639921
- Listed
- Sep 25, 2026
- Days on market
- 7
- Listing agent
- Josh Lank · Exp Realty, Llc
7654134721 · josh@slreg.com - Price history
- First asked $205,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.