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5score
$390,000
MLS
Street view338 Terrace Ave
Indianapolis IN 46225 · Single Family · built 1890
3 bd2.5 ba2,220 sqft$176/sqft vs ZIP $148 +19%
0.54 lender DSCR (est.)
Rent covers the estimated payment 0.54× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,900/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$390,000List price
$1,900Rent estimate / mo
0.54Lender DSCR (est.)
$15,404Taxes / yr · county assessor
$148ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,900 |
| − Mortgage (P&I) | −$2,045 |
| − Taxes | −$1,284 |
| − Insurance | −$163 |
| = Cash flow before vacancy & repairs | $-1,591 |
The numbers
- Price
- $390,000
- $ / sq ft
- $176 ZIP median $148
- Rent estimate
- $1,900/mo ZIP + bedroom comps
- Property taxes
- $15,404/yr 2% cap on assessed value $770,200
- PITIA (assumed)
- $3,491/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.54 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,220 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1890
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110234
- Listed
- Jun 27, 2026
- Days on market
- 98
- Listing agent
- Lindsay Jones · The Stewart Home Group
3179453632 · lindsay@sellwithjones.com - Price history
- First asked $390,000
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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.