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15score
$216,000
MLS
Street view2854 N Illinois St
Indianapolis IN 46208 · Single Family · built 1920
1 bd4,801 sqft$45/sqft vs ZIP $126 −64%
0.58 lender DSCR (est.)
Rent covers the estimated payment 0.58× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $855/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.
64% under ZIP $/sqftverify condition
The underwriting
The numbers (estimates, illustrative)
$216,000List price
$855Rent estimate / mo
0.58Lender DSCR (est.)
$3,054Taxes / yr · county assessor
$126ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $855 |
| − Mortgage (P&I) | −$1,133 |
| − Taxes | −$255 |
| − Insurance | −$90 |
| = Cash flow before vacancy & repairs | $-622 |
The numbers
- Price
- $216,000
- $ / sq ft
- $45 ZIP median $126
- Rent estimate
- $855/mo ZIP + bedroom comps
- Property taxes
- $3,054/yr 2% cap on assessed value $152,700
- PITIA (assumed)
- $1,477/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.58 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 64% under ZIP $/sqft · verify condition
The property
- Beds / baths
- 1 / —
- Living area
- 4,801 sq ft
- Lot
- 8,712 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110626
- Listed
- Jun 26, 2026
- Days on market
- 113
- Listing agent
- Suhail Khan · Real Broker, LLC
3176820900 · lhunter@c21scheetz.com - Price history
- First asked $216,000 · previously $205,000
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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.