1 / 6
36score
↓ $16,000
$179,000
MLS
Street view28 N Lasalle St
Indianapolis IN 46201 · Multi-Family · built 1920
4 bd2 ba
1.31 lender DSCR (est.)
Rent covers the estimated payment 1.31× · 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.
DSCR 1.31price cut 9%
The underwriting
The numbers (estimates, illustrative)
$179,000List price
$1,700Rent estimate / mo
1.31Lender DSCR (est.)
$3,432Taxes / yr · county assessor
$141ZIP median $ / sqft
36/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,700 |
| − Mortgage (P&I) | −$939 |
| − Taxes | −$286 |
| − Insurance | −$75 |
| = Cash flow before vacancy & repairs | $401 |
The numbers
- Price
- $179,000
- $ / sq ft
- —
- Rent estimate
- $1,700/mo ZIP + bedroom comps
- Property taxes
- $3,432/yr 2% cap on assessed value $171,600
- PITIA (assumed)
- $1,299/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.31 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 36/100 DSCR 1.31 · price cut 9%
The property
- Beds / baths
- 4 / 2
- Living area
- —
- Lot
- 4,356 sq ft
- Year built
- 1920
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118535
- Listed
- Aug 5, 2026
- Days on market
- 87
- Listing agent
- Lindsay Adams · Pillario Property Management LLC
3176601102 · lindsay@ironcladrei.com - Price history
- First asked $195,000 · previously $195,000 cut $16,000
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.