1 / 6
29score
$185,000
MLS
Street view3025 E Michigan St
Indianapolis IN 46201 · Multi-Family · built 1930
6 bd2 ba
1.35 lender DSCR (est.)
Rent covers the estimated payment 1.35× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,683/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.
DSCR 1.35
The underwriting
The numbers (estimates, illustrative)
$185,000List price
$1,683Rent estimate / mo
1.35Lender DSCR (est.)
$2,408Taxes / yr · county assessor
$140ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,683 |
| − Mortgage (P&I) | −$970 |
| − Taxes | −$201 |
| − Insurance | −$77 |
| = Cash flow before vacancy & repairs | $435 |
The numbers
- Price
- $185,000
- $ / sq ft
- —
- Rent estimate
- $1,683/mo HUD fair-market rent
- Property taxes
- $2,408/yr 2% cap on assessed value $120,400
- PITIA (assumed)
- $1,248/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.35 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 DSCR 1.35
The property
- Beds / baths
- 6 / 2
- Living area
- —
- Lot
- 5,227 sq ft
- Year built
- 1930
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125660
- Listed
- Sep 12, 2026
- Days on market
- 20
- Listing agent
- Perla Palma Nunez · Keller Williams Indy Metro S
3176921998 · ppalma@callcarpenter.com - Price history
- First asked $185,000
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.