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42score
$204,900
MLS
Street view301 E Southern Ave
Indianapolis IN 46225 · Multi-Family · built 1920
6 bd4 ba2,436 sqft$84/sqft vs ZIP $149 −44%
1.05 lender DSCR (est.)
Rent covers the estimated payment 1.05× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,770/mo (HUD fair-market rent) ÷ 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.
44% under ZIP $/sqftbelow assessed valueregistered rental
The underwriting
The numbers (estimates, illustrative)
$204,900List price
$1,770Rent estimate / mo
1.05Lender DSCR (est.)
$6,356Taxes / yr · county assessor
$149ZIP median $ / sqft
42/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,770 |
| − Mortgage (P&I) | −$1,075 |
| − Taxes | −$530 |
| − Insurance | −$85 |
| = Cash flow before vacancy & repairs | $80 |
The numbers
- Price
- $204,900
- $ / sq ft
- $84 ZIP median $149
- Rent estimate
- $1,770/mo HUD fair-market rent
- Property taxes
- $6,356/yr 2% cap on assessed value $317,800
- PITIA (assumed)
- $1,690/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.05 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 42/100 44% under ZIP $/sqft · below assessed value · registered rental
The property
- Beds / baths
- 6 / 4
- Living area
- 2,436 sq ft
- Lot
- 10,890 sq ft
- Year built
- 1920
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22132262
- Listed
- Oct 19, 2026
- Days on market
- 12
- Listing agent
- Nathaniel Cromlich · Century 21 Scheetz
3175950021 · nate@c21scheetz.com - Price history
- First asked $204,900
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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.