1 / 6
25score
↓ $9,100
$289,900
MLS
Street view2515 E 58th St
Indianapolis IN 46220 · Single Family · built 1948
3 bd2 ba1,662 sqft$174/sqft vs ZIP $208 −16%
0.83 lender DSCR (est.)
Rent covers the estimated payment 0.83× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,795/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.
16% under ZIP $/sqftprice cut 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$289,900List price
$1,795Rent estimate / mo
0.83Lender DSCR (est.)
$6,196Taxes / yr · county assessor
$208ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$1,520 |
| − Taxes | −$516 |
| − Insurance | −$121 |
| = Cash flow before vacancy & repairs | $-362 |
The numbers
- Price
- $289,900
- $ / sq ft
- $174 ZIP median $208
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $6,196/yr 2% cap on assessed value $309,800
- PITIA (assumed)
- $2,157/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.83 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 16% under ZIP $/sqft · price cut 3% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,662 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1948
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114962
- Listed
- Jul 24, 2026
- Days on market
- 85
- Listing agent
- Cam Mason · Keller Williams Indpls Metro N
3174306749 · cam.mason@kw.com - Price history
- First asked $299,000 · previously $299,000 cut $9,100
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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.