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38score
↓ $5,000
$119,900
MLS
Street view3016 Lake Shore Dr
Indianapolis IN 46205 · Townhouse · built 1965
1 bd1 ba1,045 sqft$115/sqft vs ZIP $165 −30%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $899/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
31% under ZIP $/sqftprice cut 4%below assessed value
The underwriting
The numbers (estimates, illustrative)
$119,900List price
$899Rent estimate / mo
0.84Lender DSCR (est.)
$1,439Taxes / yr · assumed 1.2%
$165ZIP median $ / sqft
38/100Deal Score
Monthly picture (illustrative)
| Rent est. | $899 |
| − Mortgage (P&I) | −$629 |
| − Taxes | −$120 |
| − Insurance | −$50 |
| − HOA | −$270 |
| = Cash flow before vacancy & repairs | $-170 |
The numbers
- Price
- $119,900
- $ / sq ft
- $115 ZIP median $165
- Rent estimate
- $899/mo ZIP + bedroom comps
- Property taxes
- $1,439/yr assumed 1.2% of price
- PITIA (assumed)
- $1,069/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $270/mo
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 38/100 31% under ZIP $/sqft · price cut 4% · below assessed value
The property
- Beds / baths
- 1 / 1
- Living area
- 1,045 sq ft
- Lot
- 2,614 sq ft
- Year built
- 1965
- Property type
- Townhouse
- HOA
- $270/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22098729
- Listed
- Apr 29, 2026
- Days on market
- 171
- Listing agent
- Gino Liongson · LLM Capital
3177093577 · gino.liongson@kw.com - Price history
- First asked $124,900 · previously $124,900 cut $5,000
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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.