Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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5score
$499,500
MLS
Street view316 S College Ave
Indianapolis IN 46202 · Single Family · built 1872
3 bd2 ba2,195 sqft$228/sqft vs ZIP $207 +10%
0.46 lender DSCR (est.)
Rent covers the estimated payment 0.46× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,000/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$499,500List price
$2,000Rent estimate / mo
0.46Lender DSCR (est.)
$18,010Taxes / yr · county assessor
$207ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,000 |
| − Mortgage (P&I) | −$2,619 |
| − Taxes | −$1,501 |
| − Insurance | −$208 |
| = Cash flow before vacancy & repairs | $-2,328 |
The numbers
- Price
- $499,500
- $ / sq ft
- $228 ZIP median $207
- Rent estimate
- $2,000/mo ZIP + bedroom comps
- Property taxes
- $18,010/yr 2% cap on assessed value $900,500
- PITIA (assumed)
- $4,328/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.46 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 2,195 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1872
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116049
- Listed
- Jul 24, 2026
- Days on market
- 71
- Listing agent
- Rob Measel · F.C. Tucker Company - Downtown
8122080498 · rob@platcollective.com - Price history
- First asked $499,500
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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.