1 / 6
20score
$239,900
MLS
Street view3621 N Norfolk St
Indianapolis IN 46224 · Single Family · built 1960
5 bd2 ba1,650 sqft$145/sqft vs ZIP $159 −9%
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. $1,872/mo (HUD fair-market rent) ÷ 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.
8% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$239,900List price
$1,872Rent estimate / mo
1.11Lender DSCR (est.)
$3,984Taxes / yr · county assessor
$159ZIP median $ / sqft
20/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,872 |
| − Mortgage (P&I) | −$1,258 |
| − Taxes | −$332 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $182 |
The numbers
- Price
- $239,900
- $ / sq ft
- $145 ZIP median $159
- Rent estimate
- $1,872/mo HUD fair-market rent
- Property taxes
- $3,984/yr 2% cap on assessed value $199,200
- PITIA (assumed)
- $1,690/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
- 20/100 8% under ZIP $/sqft
The property
- Beds / baths
- 5 / 2
- Living area
- 1,650 sq ft
- Lot
- 8,712 sq ft
- Year built
- 1960
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130763
- Listed
- Oct 9, 2026
- Days on market
- 9
- Listing agent
- Andrew Taylor · Real Broker, LLC
3177391002 · andrew@wolfpropertygroupllc.com - Price history
- First asked $239,900
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.