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57score
New
$129,900
MLS
Street view3128 S State Ave
Indianapolis IN 46237 · Single Family · built 1957
3 bd1 ba908 sqft$143/sqft vs ZIP $150 −5%
2.00 lender DSCR (est.)
Rent covers the estimated payment 2.00× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,819/mo (rent 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 2.00new this weekregistered rental
The underwriting
The numbers (estimates, illustrative)
$129,900List price
$1,819Rent estimate / mo
2.00Lender DSCR (est.)
$2,086Taxes / yr · county assessor
$150ZIP median $ / sqft
57/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,819 |
| − Mortgage (P&I) | −$681 |
| − Taxes | −$174 |
| − Insurance | −$54 |
| = Cash flow before vacancy & repairs | $910 |
The numbers
- Price
- $129,900
- $ / sq ft
- $143 ZIP median $150
- Rent estimate
- $1,819/mo rent comps
- Property taxes
- $2,086/yr 2% cap on assessed value $104,300
- PITIA (assumed)
- $909/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 2.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 57/100 DSCR 2.00 · new this week · registered rental
The property
- Beds / baths
- 3 / 1
- Living area
- 908 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1957
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22130155
- Listed
- Oct 12, 2026
- Days on market
- 3
- Listing agent
- Adam Woodring · MAINSTAY BROKERAGE LLC
9318017210 · listings@mainstay.io - Price history
- First asked $129,900
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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.