1 / 6
31score
$250,000
MLS
Street view3605 Delmar Rd
Indianapolis IN 46220 · Single Family · built 1955
3 bd1.5 ba2,038 sqft$123/sqft vs ZIP $206 −40%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,799/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.
40% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$250,000List price
$1,799Rent estimate / mo
1.00Lender DSCR (est.)
$4,646Taxes / yr · county assessor
$206ZIP median $ / sqft
31/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,799 |
| − Mortgage (P&I) | −$1,311 |
| − Taxes | −$387 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $-3 |
The numbers
- Price
- $250,000
- $ / sq ft
- $123 ZIP median $206
- Rent estimate
- $1,799/mo ZIP + bedroom comps
- Property taxes
- $4,646/yr 2% cap on assessed value $232,300
- PITIA (assumed)
- $1,802/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 31/100 40% under ZIP $/sqft
The property
- Beds / baths
- 3 / 1.5
- Living area
- 2,038 sq ft
- Lot
- 17,860 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 #
- 22122578
- Listed
- Aug 27, 2026
- Days on market
- 65
- Listing agent
- Steve Sergi - The Sergi Group · REMAX ONE
3175075883 · stevesergi@remax.net - Price history
- First asked $250,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.