1 / 6
15score
↓ $5,000
$224,900
MLS
Street view360 S Fleming St
Indianapolis IN 46241 · Single Family · built 1955
3 bd2 ba884 sqft$254/sqft vs ZIP $157 +62%
1.06 lender DSCR (est.)
Rent covers the estimated payment 1.06× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,715/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.
price cut 2%
The underwriting
The numbers (estimates, illustrative)
$224,900List price
$1,715Rent estimate / mo
1.06Lender DSCR (est.)
$4,096Taxes / yr · county assessor
$157ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,715 |
| − Mortgage (P&I) | −$1,179 |
| − Taxes | −$341 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $101 |
The numbers
- Price
- $224,900
- $ / sq ft
- $254 ZIP median $157
- Rent estimate
- $1,715/mo ZIP + bedroom comps
- Property taxes
- $4,096/yr 2% cap on assessed value $204,800
- PITIA (assumed)
- $1,614/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.06 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 2%
The property
- Beds / baths
- 3 / 2
- Living area
- 884 sq ft
- Lot
- 6,970 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22104677
- Listed
- May 30, 2026
- Days on market
- 140
- Listing agent
- Bunmi Famosinpe · My Agent
3179939681 · bfamosinpe@gmail.com - Price history
- First asked $229,900 · previously $229,900 cut $5,000
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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.