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35score
NewShort Sale
$325,000
MLS
Street view3860 N Delaware St
Indianapolis IN 46205 · Single Family · built 1929
5 bd3.5 ba3,335 sqft$97/sqft vs ZIP $163 −40%
0.67 lender DSCR (est.)
Rent covers the estimated payment 0.67× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,041/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.
40% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$325,000List price
$2,041Rent estimate / mo
0.67Lender DSCR (est.)
$14,628Taxes / yr · county assessor
$163ZIP median $ / sqft
35/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,041 |
| − Mortgage (P&I) | −$1,704 |
| − Taxes | −$1,219 |
| − Insurance | −$135 |
| = Cash flow before vacancy & repairs | $-1,018 |
The numbers
- Price
- $325,000
- $ / sq ft
- $97 ZIP median $163
- Rent estimate
- $2,041/mo HUD fair-market rent
- Property taxes
- $14,628/yr 2% cap on assessed value $731,400
- PITIA (assumed)
- $3,059/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.67 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 35/100 40% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 5 / 3.5
- Living area
- 3,335 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1929
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Short Sale
- MLS #
- 22127746
- Listed
- Sep 29, 2026
- Days on market
- 5
- Listing agent
- Batch Ceesay · @properties
6145066419 · bceesayrealestate@gmail.com - Price history
- First asked $325,000
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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.