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33score
New
$130,000
MLS
Street view303 S Gerrard Dr
Indianapolis IN 46241 · Single Family · built 1940
2 bd1 ba1,056 sqft$123/sqft vs ZIP $157 −22%
1.06 lender DSCR (est.)
Rent covers the estimated payment 1.06× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $950/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.
22% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$130,000List price
$950Rent estimate / mo
1.06Lender DSCR (est.)
$1,948Taxes / yr · county assessor
$157ZIP median $ / sqft
33/100Deal Score
Monthly picture (illustrative)
| Rent est. | $950 |
| − Mortgage (P&I) | −$682 |
| − Taxes | −$162 |
| − Insurance | −$54 |
| = Cash flow before vacancy & repairs | $52 |
The numbers
- Price
- $130,000
- $ / sq ft
- $123 ZIP median $157
- Rent estimate
- $950/mo ZIP + bedroom comps
- Property taxes
- $1,948/yr 2% cap on assessed value $97,400
- PITIA (assumed)
- $898/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.06 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 33/100 22% under ZIP $/sqft · new this week
The property
- Beds / baths
- 2 / 1
- Living area
- 1,056 sq ft
- Lot
- 8,276 sq ft
- Year built
- 1940
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22132757
- Listed
- Oct 28, 2026
- Days on market
- 4
- Listing agent
- Christopher Price · Keller Williams Indy Metro W
3178868477 · sales@indypropertysource.com - Price history
- First asked $130,000
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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.