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9score
↓ $5,300
$294,700
MLS
Street view2608 E Southport Rd
Indianapolis IN 46227 · Multi-Family · built 1900
4 bd4 ba
0.78 lender DSCR (est.)
Rent covers the estimated payment 0.78× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,700/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.
price cut 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$294,700List price
$1,700Rent estimate / mo
0.78Lender DSCR (est.)
$5,990Taxes / yr · county assessor
$156ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,700 |
| − Mortgage (P&I) | −$1,545 |
| − Taxes | −$499 |
| − Insurance | −$123 |
| = Cash flow before vacancy & repairs | $-467 |
The numbers
- Price
- $294,700
- $ / sq ft
- —
- Rent estimate
- $1,700/mo ZIP + bedroom comps
- Property taxes
- $5,990/yr 2% cap on assessed value $299,500
- PITIA (assumed)
- $2,167/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.78 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 price cut 2% · below assessed value
The property
- Beds / baths
- 4 / 4
- Living area
- —
- Lot
- 12,197 sq ft
- Year built
- 1900
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121086
- Listed
- Aug 20, 2026
- Days on market
- 58
- Listing agent
- Christopher Chaulk · @properties
3173731617 · devin@platcollective.com - Price history
- First asked $300,000 · previously $300,000 cut $5,300
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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.