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61score
↓ $30,000
$199,900
MLS
Street view3366 N College Ave
Indianapolis IN 46205 · Single Family · built 1914
3 bd1.5 ba1,560 sqft$128/sqft vs ZIP $165 −22%
1.35 lender DSCR (est.)
Rent covers the estimated payment 1.35× · 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.
DSCR 1.3522% under ZIP $/sqftprice cut 15%registered rental
The underwriting
The numbers (estimates, illustrative)
$199,900List price
$1,710Rent estimate / mo
1.35Lender DSCR (est.)
$1,576Taxes / yr · county assessor
$165ZIP median $ / sqft
61/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,048 |
| − Taxes | −$131 |
| − Insurance | −$83 |
| = Cash flow before vacancy & repairs | $447 |
The numbers
- Price
- $199,900
- $ / sq ft
- $128 ZIP median $165
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $1,576/yr 2% cap on assessed value $78,800
- PITIA (assumed)
- $1,263/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.35 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 61/100 DSCR 1.35 · 22% under ZIP $/sqft · price cut 15% · registered rental
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,560 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1914
- 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 #
- 22116253
- Listed
- Jul 25, 2026
- Days on market
- 84
- Listing agent
- Stephen Barton · Realty Wealth Advisors
3176944774 · sbarton.realtor@gmail.com - Price history
- First asked $229,900 · previously $229,900 cut $30,000
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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.