1 / 6
24score
New
$449,900
MLS
Street view3349 N College Ave
Indianapolis IN 46205 · Single Family · built 1926
5 bd5.5 ba3,595 sqft$125/sqft vs ZIP $163 −23%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,041/mo (HUD fair-market rent) ÷ 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.
23% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$449,900List price
$2,041Rent estimate / mo
0.69Lender DSCR (est.)
$5,114Taxes / yr · county assessor
$163ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,041 |
| − Mortgage (P&I) | −$2,359 |
| − Taxes | −$426 |
| − Insurance | −$187 |
| = Cash flow before vacancy & repairs | $-932 |
The numbers
- Price
- $449,900
- $ / sq ft
- $125 ZIP median $163
- Rent estimate
- $2,041/mo HUD fair-market rent
- Property taxes
- $5,114/yr 2% cap on assessed value $255,700
- PITIA (assumed)
- $2,973/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 23% under ZIP $/sqft · new this week
The property
- Beds / baths
- 5 / 5.5
- Living area
- 3,595 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1926
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127742
- Listed
- Sep 26, 2026
- Days on market
- 7
- Listing agent
- Chizuki Lothamer · @properties
3178825900 · clothame@gmail.com - Price history
- First asked $449,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.