1 / 6
59score
↓ $10,900
$145,000
MLS
Street view2448 N Franklin Rd
Indianapolis IN 46219 · Single Family · built 1959
3 bd1 ba1,248 sqft$116/sqft vs ZIP $143 −19%
1.42 lender DSCR (est.)
Rent covers the estimated payment 1.42× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,450/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 1.4219% under ZIP $/sqftprice cut 8%
The underwriting
The numbers (estimates, illustrative)
$145,000List price
$1,450Rent estimate / mo
1.42Lender DSCR (est.)
$2,400Taxes / yr · county assessor
$143ZIP median $ / sqft
59/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,450 |
| − Mortgage (P&I) | −$760 |
| − Taxes | −$200 |
| − Insurance | −$60 |
| = Cash flow before vacancy & repairs | $429 |
The numbers
- Price
- $145,000
- $ / sq ft
- $116 ZIP median $143
- Rent estimate
- $1,450/mo ZIP + bedroom comps
- Property taxes
- $2,400/yr 2% cap on assessed value $120,000
- PITIA (assumed)
- $1,021/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.42 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 59/100 DSCR 1.42 · 19% under ZIP $/sqft · price cut 8%
The property
- Beds / baths
- 3 / 1
- Living area
- 1,248 sq ft
- Lot
- 8,276 sq ft
- Year built
- 1959
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22100166
- Listed
- May 8, 2026
- Days on market
- 176
- Listing agent
- Ashton Harris · The Stewart Home Group
3177521021 · ashton@cowan-realty.com - Price history
- First asked $155,900 · previously $155,900 cut $10,900
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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.