1 / 6
29score
↓ $8,100
$299,900
MLS
Street view2848 N Delaware St
Indianapolis IN 46205 · Single Family · built 1900
3 bd2 ba2,520 sqft$119/sqft vs ZIP $165 −28%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,710/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.
28% under ZIP $/sqftprice cut 3%
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$1,710Rent estimate / mo
0.84Lender DSCR (est.)
$4,126Taxes / yr · county assessor
$165ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$344 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $-331 |
The numbers
- Price
- $299,900
- $ / sq ft
- $119 ZIP median $165
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $4,126/yr 2% cap on assessed value $206,300
- PITIA (assumed)
- $2,041/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 28% under ZIP $/sqft · price cut 3%
The property
- Beds / baths
- 3 / 2
- Living area
- 2,520 sq ft
- Lot
- 4,792 sq ft
- Year built
- 1900
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122801
- Listed
- Aug 28, 2026
- Days on market
- 50
- Listing agent
- Doug Dilling · United Real Estate Indpls
3177359900 · doug@dillinggrouprealestate.com - Price history
- First asked $308,000 · previously $308,000 cut $8,100
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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.