Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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15score
↓ $25,400
$389,500
MLS
Street view2946 Broadway St
Indianapolis IN 46205 · Single Family · built 1910
4 bd2.5 ba2,118 sqft$184/sqft vs ZIP $165 +11%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,295/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.
price cut 7%below assessed value
The underwriting
The numbers (estimates, illustrative)
$389,500List price
$2,295Rent estimate / mo
0.80Lender DSCR (est.)
$7,924Taxes / yr · county assessor
$165ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,295 |
| − Mortgage (P&I) | −$2,043 |
| − Taxes | −$660 |
| − Insurance | −$162 |
| = Cash flow before vacancy & repairs | $-570 |
The numbers
- Price
- $389,500
- $ / sq ft
- $184 ZIP median $165
- Rent estimate
- $2,295/mo ZIP + bedroom comps
- Property taxes
- $7,924/yr 2% cap on assessed value $396,200
- PITIA (assumed)
- $2,865/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.80 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 7% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,118 sq ft
- Lot
- 5,227 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 #
- 22111895
- Listed
- Jul 4, 2026
- Days on market
- 91
- Listing agent
- Gib Barker · Exceptional Homes, Inc.
3175015354 · gbarker@homes-indiana.com - Price history
- First asked $414,900 · previously $414,900 cut $25,400
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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.