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5score
New
$287,900
MLS
Street view3502 E Southport Rd
Indianapolis IN 46227 · Single Family · built 1953
3 bd2 ba1,589 sqft$181/sqft vs ZIP $161 +13%
0.83 lender DSCR (est.)
Rent covers the estimated payment 0.83× · walk-away floor 1.20 · medium 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.
new this week
The underwriting
The numbers (estimates, illustrative)
$287,900List price
$1,710Rent estimate / mo
0.83Lender DSCR (est.)
$5,086Taxes / yr · county assessor
$161ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,510 |
| − Taxes | −$424 |
| − Insurance | −$120 |
| = Cash flow before vacancy & repairs | $-344 |
The numbers
- Price
- $287,900
- $ / sq ft
- $181 ZIP median $161
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $5,086/yr 2% cap on assessed value $254,300
- PITIA (assumed)
- $2,054/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.83 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,589 sq ft
- Lot
- 29,185 sq ft
- Year built
- 1953
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22128755
- Listed
- Sep 30, 2026
- Days on market
- 3
- Listing agent
- Michelle Mann · F.C. Tucker Company - South
3175176512 · michelle.mann@talktotucker.com - Price history
- First asked $287,900
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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.