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26score
New
$225,000
MLS
Street view3231 W 39th St
Indianapolis IN 46228 · Single Family · built 2005
3 bd2 ba1,215 sqft$185/sqft vs ZIP $144 +29%
1.22 lender DSCR (est.)
Rent covers the estimated payment 1.22× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,967/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 1.22new this week
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,967Rent estimate / mo
1.22Lender DSCR (est.)
$3,650Taxes / yr · county assessor
$144ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,967 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$304 |
| − Insurance | −$94 |
| − HOA | −$33 |
| = Cash flow before vacancy & repairs | $356 |
The numbers
- Price
- $225,000
- $ / sq ft
- $185 ZIP median $144
- Rent estimate
- $1,967/mo ZIP + bedroom comps
- Property taxes
- $3,650/yr 2% cap on assessed value $182,500
- PITIA (assumed)
- $1,611/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $33/mo
- Lender DSCR (est.)
- 1.22 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 DSCR 1.22 · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,215 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2005
- Property type
- Single Family
- HOA
- $33/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22128432
- Listed
- Oct 1, 2026
- Days on market
- 2
- Listing agent
- Cindy Cherf · Keller Williams Indpls Metro N
3173703730 · cindysellsindyrealtyteam@gmail.com - Price history
- First asked $225,000
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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.