1 / 6
71score
↓ $2,000
$86,000
MLS
Street view3352 Wallace Ave
Indianapolis IN 46218 · Single Family · built 1946
2 bd1 ba837 sqft$103/sqft vs ZIP $138 −26%
1.74 lender DSCR (est.)
Rent covers the estimated payment 1.74× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,073/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 1.7425% under ZIP $/sqftprice cut 2%
The underwriting
The numbers (estimates, illustrative)
$86,000List price
$1,073Rent estimate / mo
1.74Lender DSCR (est.)
$1,546Taxes / yr · county assessor
$138ZIP median $ / sqft
71/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,073 |
| − Mortgage (P&I) | −$451 |
| − Taxes | −$129 |
| − Insurance | −$36 |
| = Cash flow before vacancy & repairs | $457 |
The numbers
- Price
- $86,000
- $ / sq ft
- $103 ZIP median $138
- Rent estimate
- $1,073/mo ZIP + bedroom comps
- Property taxes
- $1,546/yr 2% cap on assessed value $77,300
- PITIA (assumed)
- $616/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.74 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 71/100 DSCR 1.74 · 25% under ZIP $/sqft · price cut 2%
The property
- Beds / baths
- 2 / 1
- Living area
- 837 sq ft
- Lot
- 6,970 sq ft
- Year built
- 1946
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22115867
- Listed
- Jul 22, 2026
- Days on market
- 87
- Listing agent
- Karanjod Cheema · Rize Commercial Realty LLC
3176579985 · karancheemaindy@gmail.com - Price history
- First asked $88,000 · previously $88,000 cut $2,000
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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.