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25score
$289,900
MLS
Street view3307 N College Ave
Indianapolis IN 46205 · Single Family · built 1921
3 bd3 ba2,544 sqft$114/sqft vs ZIP $165 −31%
0.82 lender DSCR (est.)
Rent covers the estimated payment 0.82× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,710/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.
31% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$289,900List price
$1,710Rent estimate / mo
0.82Lender DSCR (est.)
$5,296Taxes / yr · county assessor
$165ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,520 |
| − Taxes | −$441 |
| − Insurance | −$121 |
| = Cash flow before vacancy & repairs | $-372 |
The numbers
- Price
- $289,900
- $ / sq ft
- $114 ZIP median $165
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $5,296/yr 2% cap on assessed value $264,800
- PITIA (assumed)
- $2,082/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.82 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 31% under ZIP $/sqft
The property
- Beds / baths
- 3 / 3
- Living area
- 2,544 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1921
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22044822
- Listed
- Jun 13, 2025
- Days on market
- 491
- Listing agent
- Steve Lew
3176582042 · steve@listwithlew.com - Price history
- First asked $289,900
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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.