1 / 6
83score
↓ $8,000
$124,000
MLS
Street view40 S Chester Ave
Indianapolis IN 46201 · Single Family · built 1910
4 bd1 ba1,540 sqft$81/sqft vs ZIP $141 −43%
1.56 lender DSCR (est.)
Rent covers the estimated payment 1.56× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,736/mo (rent 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 1.5643% under ZIP $/sqftprice cut 6%below assessed value
The underwriting
The numbers (estimates, illustrative)
$124,000List price
$1,736Rent estimate / mo
1.56Lender DSCR (est.)
$4,894Taxes / yr · county assessor
$141ZIP median $ / sqft
83/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,736 |
| − Mortgage (P&I) | −$650 |
| − Taxes | −$408 |
| − Insurance | −$52 |
| = Cash flow before vacancy & repairs | $626 |
The numbers
- Price
- $124,000
- $ / sq ft
- $81 ZIP median $141
- Rent estimate
- $1,736/mo rent comps
- Property taxes
- $4,894/yr 2% cap on assessed value $244,700
- PITIA (assumed)
- $1,110/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.56 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 83/100 DSCR 1.56 · 43% under ZIP $/sqft · price cut 6% · below assessed value
The property
- Beds / baths
- 4 / 1
- Living area
- 1,540 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22113736
- Listed
- Jul 14, 2026
- Days on market
- 95
- Listing agent
- Karanjod Cheema · Rize Commercial Realty LLC
3176579985 · karancheemaindy@gmail.com - Price history
- First asked $132,000 · previously $129,000 cut $8,000
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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.