1 / 6
35score
↓ $25,000
$224,990
MLS
Street view274 N Mount St
Indianapolis IN 46222 · Single Family · built 1910
4 bd2 ba1,555 sqft$145/sqft vs ZIP $158 −8%
1.18 lender DSCR (est.)
Rent covers the estimated payment 1.18× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,808/mo (HUD fair-market rent) ÷ 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.
8% under ZIP $/sqftprice cut 11%
The underwriting
The numbers (estimates, illustrative)
$224,990List price
$1,808Rent estimate / mo
1.18Lender DSCR (est.)
$3,108Taxes / yr · county assessor
$158ZIP median $ / sqft
35/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,808 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$259 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $275 |
The numbers
- Price
- $224,990
- $ / sq ft
- $145 ZIP median $158
- Rent estimate
- $1,808/mo HUD fair-market rent
- Property taxes
- $3,108/yr 2% cap on assessed value $155,400
- PITIA (assumed)
- $1,533/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.18 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 35/100 8% under ZIP $/sqft · price cut 11%
The property
- Beds / baths
- 4 / 2
- Living area
- 1,555 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22104519
- Listed
- Jun 4, 2026
- Days on market
- 135
- Listing agent
- Daniel Leeper · eXp Realty, LLC
3174915930 · in.broker@exprealty.net - Price history
- First asked $249,990 · previously $239,900 cut $25,000
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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.