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45score
New
$195,000
MLS
Street view2928 W Michigan St
Indianapolis IN 46222 · Single Family · built 1895
3 bd2 ba1,103 sqft$177/sqft vs ZIP $153 +16%
1.52 lender DSCR (est.)
Rent covers the estimated payment 1.52× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,775/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 1.52new this week
The underwriting
The numbers (estimates, illustrative)
$195,000List price
$1,775Rent estimate / mo
1.52Lender DSCR (est.)
$812Taxes / yr · county assessor
$153ZIP median $ / sqft
45/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,775 |
| − Mortgage (P&I) | −$1,023 |
| − Taxes | −$68 |
| − Insurance | −$81 |
| = Cash flow before vacancy & repairs | $603 |
The numbers
- Price
- $195,000
- $ / sq ft
- $177 ZIP median $153
- Rent estimate
- $1,775/mo ZIP + bedroom comps
- Property taxes
- $812/yr 2% cap on assessed value $40,600
- PITIA (assumed)
- $1,172/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.52 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 45/100 DSCR 1.52 · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,103 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1895
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133637
- Listed
- Oct 27, 2026
- Days on market
- 5
- Listing agent
- Amy Glassburn, Agent · Daniels Real Estate
3174300724 · aglassburn@coopergroupindy.com - Price history
- First asked $195,000
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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.