1 / 6
16score
↓ $10,000
$264,900
MLS
Street view3844 Graceland Ave
Indianapolis IN 46208 · Single Family · built 1930
5 bd2 ba2,138 sqft$124/sqft vs ZIP $126 −2%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,783/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.
price cut 4%
The underwriting
The numbers (estimates, illustrative)
$264,900List price
$1,783Rent estimate / mo
1.00Lender DSCR (est.)
$3,420Taxes / yr · county assessor
$126ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,783 |
| − Mortgage (P&I) | −$1,389 |
| − Taxes | −$285 |
| − Insurance | −$110 |
| = Cash flow before vacancy & repairs | $-2 |
The numbers
- Price
- $264,900
- $ / sq ft
- $124 ZIP median $126
- Rent estimate
- $1,783/mo HUD fair-market rent
- Property taxes
- $3,420/yr 2% cap on assessed value $171,000
- PITIA (assumed)
- $1,785/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
- 16/100 price cut 4%
The property
- Beds / baths
- 5 / 2
- Living area
- 2,138 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1930
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22098223
- Listed
- Apr 28, 2026
- Days on market
- 172
- Listing agent
- Lindsay Adams · Pillario Property Management LLC
3176601102 · lindsay@ironcladrei.com - Price history
- First asked $274,900 · previously $274,900 cut $10,000
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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.