Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
8score
↓ $14,000
$375,000
MLS
Street view3937 N College Ave
Indianapolis IN 46205 · Single Family · built 1909
4 bd2.5 ba2,102 sqft$178/sqft vs ZIP $165 +8%
0.91 lender DSCR (est.)
Rent covers the estimated payment 0.91× · 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 4%
The underwriting
The numbers (estimates, illustrative)
$375,000List price
$2,295Rent estimate / mo
0.91Lender DSCR (est.)
$4,662Taxes / yr · county assessor
$165ZIP median $ / sqft
8/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,295 |
| − Mortgage (P&I) | −$1,967 |
| − Taxes | −$389 |
| − Insurance | −$156 |
| = Cash flow before vacancy & repairs | $-216 |
The numbers
- Price
- $375,000
- $ / sq ft
- $178 ZIP median $165
- Rent estimate
- $2,295/mo ZIP + bedroom comps
- Property taxes
- $4,662/yr 2% cap on assessed value $233,100
- PITIA (assumed)
- $2,511/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.91 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 8/100 price cut 4%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,102 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1909
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22117810
- Listed
- Aug 2, 2026
- Days on market
- 62
- Listing agent
- Simona Baskin · Compass of Indiana, LLC
4632546024 · simona.lembas@gmail.com - Price history
- First asked $389,000 · previously $389,000 cut $14,000
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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.