1 / 6
75score
↓ $10,000
$29,900
MLS
Street view2420 Bond St
Indianapolis IN 46208 · Single Family · built 1920
4 bd2 ba1,547 sqft$19/sqft vs ZIP $126 −85%
2.10 lender DSCR (est.)
Rent covers the estimated payment 2.10× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $419/mo (rent comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
DSCR 2.1085% under ZIP $/sqftverify conditionprice cut 33%
The underwriting
The numbers (estimates, illustrative)
$29,900List price
$419Rent estimate / mo
2.10Lender DSCR (est.)
$359Taxes / yr · assumed 1.2%
$126ZIP median $ / sqft
75/100Deal Score
Monthly picture (illustrative)
| Rent est. | $419 |
| − Mortgage (P&I) | −$157 |
| − Taxes | −$30 |
| − Insurance | −$12 |
| = Cash flow before vacancy & repairs | $220 |
The numbers
- Price
- $29,900
- $ / sq ft
- $19 ZIP median $126
- Rent estimate
- $419/mo rent comps
- Property taxes
- $359/yr assumed 1.2% of price
- PITIA (assumed)
- $199/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 2.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 75/100 DSCR 2.10 · 85% under ZIP $/sqft · verify condition · price cut 33%
The property
- Beds / baths
- 4 / 2
- Living area
- 1,547 sq ft
- Lot
- 3,485 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118237
- Listed
- Aug 4, 2026
- Days on market
- 74
- Listing agent
- Claire Sorrels · List With Ben, LLC
3179700929 · claire@benbuysindyhouses.com - Price history
- First asked $39,900 · previously $34,900 cut $10,000
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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.