1 / 6
15score
↓ $14,000
$164,000
MLS
Street view314 Bernard Ave
Indianapolis IN 46208 · Single Family · built 1910
2 bd1.5 ba999 sqft$164/sqft vs ZIP $126 +30%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,075/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.
price cut 9%below assessed value
The underwriting
The numbers (estimates, illustrative)
$164,000List price
$1,075Rent estimate / mo
0.84Lender DSCR (est.)
$4,262Taxes / yr · county assessor
$126ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,075 |
| − Mortgage (P&I) | −$860 |
| − Taxes | −$355 |
| − Insurance | −$68 |
| = Cash flow before vacancy & repairs | $-209 |
The numbers
- Price
- $164,000
- $ / sq ft
- $164 ZIP median $126
- Rent estimate
- $1,075/mo ZIP + bedroom comps
- Property taxes
- $4,262/yr 2% cap on assessed value $213,100
- PITIA (assumed)
- $1,284/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 9% · below assessed value
The property
- Beds / baths
- 2 / 1.5
- Living area
- 999 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116287
- Listed
- Jul 24, 2026
- Days on market
- 85
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $178,000 · previously $178,000 cut $14,000
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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.