1 / 6
28score
↓ $25,000
$300,000
MLS
Street view3621 Watson Rd
Indianapolis IN 46205 · Single Family · built 1929
4 bd1 ba1,904 sqft$158/sqft vs ZIP $165 −5%
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. $2,295/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 8%
The underwriting
The numbers (estimates, illustrative)
$300,000List price
$2,295Rent estimate / mo
1.11Lender DSCR (est.)
$4,344Taxes / yr · county assessor
$165ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,295 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$362 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $235 |
The numbers
- Price
- $300,000
- $ / sq ft
- $158 ZIP median $165
- Rent estimate
- $2,295/mo ZIP + bedroom comps
- Property taxes
- $4,344/yr 2% cap on assessed value $217,200
- PITIA (assumed)
- $2,060/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
- 28/100 price cut 8%
The property
- Beds / baths
- 4 / 1
- Living area
- 1,904 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1929
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121909
- Listed
- Aug 24, 2026
- Days on market
- 54
- Listing agent
- Beverly J. Stewart · Beverly J. Stewart
3175149998 · indyhome4u@att.net - Price history
- First asked $325,000 · previously $325,000 cut $25,000
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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.