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39score
New
$350,000
MLS
Street view2518 Columbia Ave
Indianapolis IN 46205 · Multi-Family · built 1920
4 bd2 ba
1.42 lender DSCR (est.)
Rent covers the estimated payment 1.42× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,973/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 1.42new this week
The underwriting
The numbers (estimates, illustrative)
$350,000List price
$2,973Rent estimate / mo
1.42Lender DSCR (est.)
$1,264Taxes / yr · county assessor
$162ZIP median $ / sqft
39/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,973 |
| − Mortgage (P&I) | −$1,835 |
| − Taxes | −$105 |
| − Insurance | −$146 |
| = Cash flow before vacancy & repairs | $886 |
The numbers
- Price
- $350,000
- $ / sq ft
- —
- Rent estimate
- $2,973/mo ZIP + bedroom comps
- Property taxes
- $1,264/yr 2% cap on assessed value $63,200
- PITIA (assumed)
- $2,087/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
- 39/100 DSCR 1.42 · new this week
The property
- Beds / baths
- 4 / 2
- Living area
- —
- Lot
- 5,663 sq ft
- Year built
- 1920
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129693
- Listed
- Oct 4, 2026
- Days on market
- 4
- Listing agent
- Ely Berger · The Modglin Group
3173413325 · ely@themodglingroup.com - Price history
- First asked $350,000
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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.