1 / 6
25score
$240,000
MLS
Street view2502 S Delaware St
Indianapolis IN 46225 · Single Family · built 1923
2 bd2 ba1,829 sqft$131/sqft vs ZIP $148 −11%
1.14 lender DSCR (est.)
Rent covers the estimated payment 1.14× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,925/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.
12% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$240,000List price
$1,925Rent estimate / mo
1.14Lender DSCR (est.)
$3,928Taxes / yr · county assessor
$148ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,925 |
| − Mortgage (P&I) | −$1,259 |
| − Taxes | −$327 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $239 |
The numbers
- Price
- $240,000
- $ / sq ft
- $131 ZIP median $148
- Rent estimate
- $1,925/mo ZIP + bedroom comps
- Property taxes
- $3,928/yr 2% cap on assessed value $196,400
- PITIA (assumed)
- $1,686/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.14 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 12% under ZIP $/sqft
The property
- Beds / baths
- 2 / 2
- Living area
- 1,829 sq ft
- Lot
- 4,792 sq ft
- Year built
- 1923
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22091570
- Listed
- Apr 1, 2026
- Days on market
- 199
- Listing agent
- Sarah Fishburn · F.C. Tucker Company - Downtown
3179895613 · sarah.fishburn@talktotucker.com - Price history
- First asked $240,000
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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.