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24score
$223,000
MLS
Street view2538 Mingo Ln
Indianapolis IN 46217 · Single Family · built 2004
3 bd2.5 ba1,476 sqft$151/sqft vs ZIP $161 −6%
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,823/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$223,000List price
$1,823Rent estimate / mo
1.11Lender DSCR (est.)
$4,480Taxes / yr · county assessor
$161ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,823 |
| − Mortgage (P&I) | −$1,169 |
| − Taxes | −$373 |
| − Insurance | −$93 |
| = Cash flow before vacancy & repairs | $187 |
The numbers
- Price
- $223,000
- $ / sq ft
- $151 ZIP median $161
- Rent estimate
- $1,823/mo ZIP + bedroom comps
- Property taxes
- $4,480/yr 2% cap on assessed value $224,000
- PITIA (assumed)
- $1,636/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,476 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2004
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125212
- Listed
- Sep 9, 2026
- Days on market
- 23
- Listing agent
- Angel Lissade · Scott Estates
3174936309 · angel@scottestates.net - Price history
- First asked $223,000
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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.