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46score
↓ $5,000
$145,000
MLS
Street view3826 E Michigan St
Indianapolis IN 46201 · Multi-Family · built 1920
3 bd1 ba
1.51 lender DSCR (est.)
Rent covers the estimated payment 1.51× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,450/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.
DSCR 1.51price cut 3%
The underwriting
The numbers (estimates, illustrative)
$145,000List price
$1,450Rent estimate / mo
1.51Lender DSCR (est.)
$1,704Taxes / yr · county assessor
$141ZIP median $ / sqft
46/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,450 |
| − Mortgage (P&I) | −$760 |
| − Taxes | −$142 |
| − Insurance | −$60 |
| = Cash flow before vacancy & repairs | $487 |
The numbers
- Price
- $145,000
- $ / sq ft
- —
- Rent estimate
- $1,450/mo ZIP + bedroom comps
- Property taxes
- $1,704/yr 2% cap on assessed value $85,200
- PITIA (assumed)
- $963/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.51 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 46/100 DSCR 1.51 · price cut 3%
The property
- Beds / baths
- 3 / 1
- Living area
- —
- Lot
- 4,356 sq ft
- Year built
- 1920
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22120778
- Listed
- Aug 18, 2026
- Days on market
- 60
- Listing agent
- Shannon Adair · Canon Real Estate Services Llc
3173399115 · realestateshannon@att.net - Price history
- First asked $150,000 · previously $150,000 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.