1 / 6
30score
↓ $6,500
$198,500
MLS
Street view3226 Auburn Rd
Indianapolis IN 46224 · Single Family · built 1956
3 bd1 ba975 sqft$204/sqft vs ZIP $159 +28%
1.22 lender DSCR (est.)
Rent covers the estimated payment 1.22× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,685/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.
DSCR 1.22price cut 3%registered rental
The underwriting
The numbers (estimates, illustrative)
$198,500List price
$1,685Rent estimate / mo
1.22Lender DSCR (est.)
$3,032Taxes / yr · county assessor
$159ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,685 |
| − Mortgage (P&I) | −$1,041 |
| − Taxes | −$253 |
| − Insurance | −$83 |
| = Cash flow before vacancy & repairs | $309 |
The numbers
- Price
- $198,500
- $ / sq ft
- $204 ZIP median $159
- Rent estimate
- $1,685/mo ZIP + bedroom comps
- Property taxes
- $3,032/yr 2% cap on assessed value $151,600
- PITIA (assumed)
- $1,376/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.22 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 DSCR 1.22 · price cut 3% · registered rental
The property
- Beds / baths
- 3 / 1
- Living area
- 975 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1956
- 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 #
- 22123369
- Listed
- Sep 1, 2026
- Days on market
- 46
- Listing agent
- Jessica Bischoff · JRB Group
3176985248 · jess@jessicabischoff.com - Price history
- First asked $205,000 · previously $205,000 cut $6,500
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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.