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19score
New
$265,000
MLS
Street view3109 E 48th St
Indianapolis IN 46205 · Single Family · built 1940
3 bd2 ba1,945 sqft$136/sqft vs ZIP $163 −16%
0.83 lender DSCR (est.)
Rent covers the estimated payment 0.83× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,600/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.
16% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$265,000List price
$1,600Rent estimate / mo
0.83Lender DSCR (est.)
$5,260Taxes / yr · county assessor
$163ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,600 |
| − Mortgage (P&I) | −$1,390 |
| − Taxes | −$438 |
| − Insurance | −$110 |
| = Cash flow before vacancy & repairs | $-338 |
The numbers
- Price
- $265,000
- $ / sq ft
- $136 ZIP median $163
- Rent estimate
- $1,600/mo ZIP + bedroom comps
- Property taxes
- $5,260/yr 2% cap on assessed value $263,000
- PITIA (assumed)
- $1,938/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.83 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 16% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,945 sq ft
- Lot
- 13,068 sq ft
- Year built
- 1940
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129048
- Listed
- Sep 30, 2026
- Days on market
- 3
- Listing agent
- Christopher Chaulk · @properties
3173731617 · devin@platcollective.com - Price history
- First asked $265,000
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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.