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0score
$388,000
MLS
Street view338 N Randolph St
Indianapolis IN 46201 · Single Family · built 1910
5 bd3.5 ba2,517 sqft$154/sqft vs ZIP $141 +9%
0.65 lender DSCR (est.)
Rent covers the estimated payment 0.65× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,670/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.
The underwriting
The numbers (estimates, illustrative)
$388,000List price
$1,670Rent estimate / mo
0.65Lender DSCR (est.)
$4,542Taxes / yr · county assessor
$141ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,670 |
| − Mortgage (P&I) | −$2,035 |
| − Taxes | −$379 |
| − Insurance | −$162 |
| = Cash flow before vacancy & repairs | $-905 |
The numbers
- Price
- $388,000
- $ / sq ft
- $154 ZIP median $141
- Rent estimate
- $1,670/mo HUD fair-market rent
- Property taxes
- $4,542/yr 2% cap on assessed value $227,100
- PITIA (assumed)
- $2,575/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.65 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 5 / 3.5
- Living area
- 2,517 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22094867
- Listed
- Apr 14, 2026
- Days on market
- 172
- Listing agent
- Chiquita Watkins · Keller Williams Indy Metro Ne
3175120348 · chiquita@watkinssellsindy.com - Price history
- First asked $388,000
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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.