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42score
$189,900
MLS
Street view2504 Collier St
Indianapolis IN 46241 · Single Family · built 1945
4 bd1 ba1,250 sqft$152/sqft vs ZIP $157 −3%
1.52 lender DSCR (est.)
Rent covers the estimated payment 1.52× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,888/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.
DSCR 1.52
The underwriting
The numbers (estimates, illustrative)
$189,900List price
$1,888Rent estimate / mo
1.52Lender DSCR (est.)
$2,046Taxes / yr · county assessor
$157ZIP median $ / sqft
42/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,888 |
| − Mortgage (P&I) | −$996 |
| − Taxes | −$171 |
| − Insurance | −$79 |
| = Cash flow before vacancy & repairs | $643 |
The numbers
- Price
- $189,900
- $ / sq ft
- $152 ZIP median $157
- Rent estimate
- $1,888/mo HUD fair-market rent
- Property taxes
- $2,046/yr 2% cap on assessed value $102,300
- PITIA (assumed)
- $1,245/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.52 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 42/100 DSCR 1.52
The property
- Beds / baths
- 4 / 1
- Living area
- 1,250 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1945
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- 100
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110603
- Listed
- Jun 27, 2026
- Days on market
- 112
- Listing agent
- James Goetz · Bandwagon Real Estate, Llc
3177161977 · jamesg@bandwagonreo.com - Price history
- First asked $189,900
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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.