1 / 6
73score
↓ $2,000
$117,900
MLS
Street view2530 E Kelly St
Indianapolis IN 46203 · Single Family · built 1975
3 bd1 ba1,164 sqft$101/sqft vs ZIP $168 −40%
1.88 lender DSCR (est.)
Rent covers the estimated payment 1.88× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/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 1.8840% under ZIP $/sqftprice cut 2%
The underwriting
The numbers (estimates, illustrative)
$117,900List price
$1,500Rent estimate / mo
1.88Lender DSCR (est.)
$1,546Taxes / yr · county assessor
$168ZIP median $ / sqft
73/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$618 |
| − Taxes | −$129 |
| − Insurance | −$49 |
| = Cash flow before vacancy & repairs | $704 |
The numbers
- Price
- $117,900
- $ / sq ft
- $101 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $1,546/yr 2% cap on assessed value $77,300
- PITIA (assumed)
- $796/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 73/100 DSCR 1.88 · 40% under ZIP $/sqft · price cut 2%
The property
- Beds / baths
- 3 / 1
- Living area
- 1,164 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1975
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122964
- Listed
- Aug 28, 2026
- Days on market
- 48
- Listing agent
- Natasha Harvel · Highgarden Real Estate
3179456797 · nharvel@highgarden.com - Price history
- First asked $119,900 · previously $119,900 cut $2,000
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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.