1 / 6
10score
New
$225,000
MLS
Street view4000 N Meridian St
Indianapolis IN 46208 · Condo · built 1968
3 bd2 ba1,640 sqft$137/sqft vs ZIP $129 +6%
0.49 lender DSCR (est.)
Rent covers the estimated payment 0.49× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,399/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,399Rent estimate / mo
0.49Lender DSCR (est.)
$2,700Taxes / yr · assumed 1.2%
$129ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,399 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$225 |
| − Insurance | −$94 |
| − HOA | −$1,336 |
| = Cash flow before vacancy & repairs | $-1,436 |
The numbers
- Price
- $225,000
- $ / sq ft
- $137 ZIP median $129
- Rent estimate
- $1,399/mo ZIP + bedroom comps
- Property taxes
- $2,700/yr assumed 1.2% of price
- PITIA (assumed)
- $2,835/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $1,336/mo
- Lender DSCR (est.)
- 0.49 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 new this week · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,640 sq ft
- Lot
- 1,307 sq ft
- Year built
- 1968
- Property type
- Condo
- HOA
- $1,336/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130345
- Listed
- Oct 12, 2026
- Days on market
- 3
- Listing agent
- Matt King · F.C. Tucker Company
3173135533 · matt.king@talktotucker.com - Price history
- First asked $225,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.