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38score
New
$200,000
MLS
Street view3513 Shelby St
Indianapolis IN 46227 · Single Family · built 1922
3 bd2 ba1,530 sqft$131/sqft vs ZIP $157 −17%
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · 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.
17% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$200,000List price
$1,710Rent estimate / mo
1.11Lender DSCR (est.)
$4,898Taxes / yr · county assessor
$157ZIP median $ / sqft
38/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,049 |
| − Taxes | −$408 |
| − Insurance | −$83 |
| = Cash flow before vacancy & repairs | $170 |
The numbers
- Price
- $200,000
- $ / sq ft
- $131 ZIP median $157
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $4,898/yr 2% cap on assessed value $244,900
- PITIA (assumed)
- $1,540/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 38/100 17% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,530 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1922
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119289
- Listed
- Oct 7, 2026
- Days on market
- 3
- Listing agent
- Scott Veerkamp · My Agent
3179794663 · internetlead@myagentcafe.com - Price history
- First asked $200,000
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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.