Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
15score
↓ $20,000
$339,000
MLS
Street view2438 E Washington St
Indianapolis IN 46201 · Multi-Family · built 1900
1 bd1 ba
0.32 lender DSCR (est.)
Rent covers the estimated payment 0.32× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $865/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.
price cut 6%below assessed value
The underwriting
The numbers (estimates, illustrative)
$339,000List price
$865Rent estimate / mo
0.32Lender DSCR (est.)
$8,948Taxes / yr · county assessor
$141ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $865 |
| − Mortgage (P&I) | −$1,778 |
| − Taxes | −$746 |
| − Insurance | −$141 |
| = Cash flow before vacancy & repairs | $-1,800 |
The numbers
- Price
- $339,000
- $ / sq ft
- —
- Rent estimate
- $865/mo ZIP + bedroom comps
- Property taxes
- $8,948/yr 2% cap on assessed value $447,400
- PITIA (assumed)
- $2,665/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.32 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 6% · below assessed value
The property
- Beds / baths
- 1 / 1
- Living area
- —
- Lot
- 6,534 sq ft
- Year built
- 1900
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22117283
- Listed
- Jul 30, 2026
- Days on market
- 65
- Listing agent
- Kenneth Hall · Real Broker, LLC
3176177947 · kenny@justlivindy.com - Price history
- First asked $359,000 · previously $359,000 cut $20,000
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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.