Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
23score
↓ $15,000
$305,000
MLS
Street view3010 W 42nd St
Indianapolis IN 46228 · Single Family · built 1956
4 bd3 ba1,978 sqft$154/sqft vs ZIP $143 +8%
1.10 lender DSCR (est.)
Rent covers the estimated payment 1.10× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,332/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.
price cut 5%
The underwriting
The numbers (estimates, illustrative)
$305,000List price
$2,332Rent estimate / mo
1.10Lender DSCR (est.)
$4,718Taxes / yr · county assessor
$143ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,332 |
| − Mortgage (P&I) | −$1,599 |
| − Taxes | −$393 |
| − Insurance | −$127 |
| = Cash flow before vacancy & repairs | $212 |
The numbers
- Price
- $305,000
- $ / sq ft
- $154 ZIP median $143
- Rent estimate
- $2,332/mo HUD fair-market rent
- Property taxes
- $4,718/yr 2% cap on assessed value $235,900
- PITIA (assumed)
- $2,120/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 price cut 5%
The property
- Beds / baths
- 4 / 3
- Living area
- 1,978 sq ft
- Lot
- 20,909 sq ft
- Year built
- 1956
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22095952
- Listed
- Apr 17, 2026
- Days on market
- 169
- Listing agent
- Garrett Lawton · Trueblood Real Estate
3174108851 · g.lawton@truebloodre.com - Price history
- First asked $320,000 · previously $320,000 cut $15,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.