1 / 6
34score
$239,000
MLS
Street view3737 S Meridian St
Indianapolis IN 46217 · Single Family · built 1951
3 bd1 ba2,480 sqft$96/sqft vs ZIP $161 −40%
1.04 lender DSCR (est.)
Rent covers the estimated payment 1.04× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,823/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)
$239,000List price
$1,823Rent estimate / mo
1.04Lender DSCR (est.)
$4,780Taxes / yr · county assessor
$161ZIP median $ / sqft
34/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,823 |
| − Mortgage (P&I) | −$1,253 |
| − Taxes | −$398 |
| − Insurance | −$100 |
| = Cash flow before vacancy & repairs | $72 |
The numbers
- Price
- $239,000
- $ / sq ft
- $96 ZIP median $161
- Rent estimate
- $1,823/mo ZIP + bedroom comps
- Property taxes
- $4,780/yr 2% cap on assessed value $239,000
- PITIA (assumed)
- $1,751/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.04 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 34/100 40% under ZIP $/sqft
The property
- Beds / baths
- 3 / 1
- Living area
- 2,480 sq ft
- Lot
- 61,420 sq ft
- Year built
- 1951
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125455
- Listed
- Sep 10, 2026
- Days on market
- 22
- Listing agent
- Sunny Shuai · F.C. Tucker Company - Keystone at the Crossing
3174355199 · sunny.shuai@talktotucker.com - Price history
- First asked $239,000
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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.