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29score
New
$220,000
MLS
Street view3021 Alice Ave
Indianapolis IN 46237 · Single Family · built 1950
3 bd2 ba1,366 sqft$161/sqft vs ZIP $150 +7%
1.27 lender DSCR (est.)
Rent covers the estimated payment 1.27× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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 1.27new this week
The underwriting
The numbers (estimates, illustrative)
$220,000List price
$1,820Rent estimate / mo
1.27Lender DSCR (est.)
$2,248Taxes / yr · county assessor
$150ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$1,154 |
| − Taxes | −$187 |
| − Insurance | −$92 |
| = Cash flow before vacancy & repairs | $387 |
The numbers
- Price
- $220,000
- $ / sq ft
- $161 ZIP median $150
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $2,248/yr 2% cap on assessed value $112,400
- PITIA (assumed)
- $1,433/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.27 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 DSCR 1.27 · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,366 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1950
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22128092
- Listed
- Oct 12, 2026
- Days on market
- 3
- Listing agent
- Barbara Whiteside · Keller Williams Indy Metro Ne
3174143262 · barb@succeedrealestate.com - Price history
- First asked $220,000
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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.