1 / 6
51score
New
$159,900
MLS
Street view257 S Keystone Ave
Indianapolis IN 46201 · Single Family · built 1890
2 bd1.5 ba1,602 sqft$100/sqft vs ZIP $141 −29%
1.19 lender DSCR (est.)
Rent covers the estimated payment 1.19× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,195/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.
29% under ZIP $/sqftnew this weekregistered rental
The underwriting
The numbers (estimates, illustrative)
$159,900List price
$1,195Rent estimate / mo
1.19Lender DSCR (est.)
$1,178Taxes / yr · county assessor
$141ZIP median $ / sqft
51/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$839 |
| − Taxes | −$98 |
| − Insurance | −$67 |
| = Cash flow before vacancy & repairs | $192 |
The numbers
- Price
- $159,900
- $ / sq ft
- $100 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $1,178/yr 2% cap on assessed value $58,900
- PITIA (assumed)
- $1,003/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.19 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 51/100 29% under ZIP $/sqft · new this week · registered rental
The property
- Beds / baths
- 2 / 1.5
- Living area
- 1,602 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1890
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22131177
- Listed
- Oct 15, 2026
- Days on market
- 3
- Listing agent
- Charlene Gaard · No Limit Real Estate, Llc
3174402149 · charlenegaard@aol.com - Price history
- First asked $159,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.