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31score
$255,000
MLS
Street view4013 Ivory Way
Indianapolis IN 46237 · Single Family · built 1973
3 bd2 ba2,412 sqft$106/sqft vs ZIP $153 −31%
0.92 lender DSCR (est.)
Rent covers the estimated payment 0.92× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,756/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.
31% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$255,000List price
$1,756Rent estimate / mo
0.92Lender DSCR (est.)
$5,668Taxes / yr · county assessor
$153ZIP median $ / sqft
31/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,756 |
| − Mortgage (P&I) | −$1,337 |
| − Taxes | −$472 |
| − Insurance | −$106 |
| = Cash flow before vacancy & repairs | $-160 |
The numbers
- Price
- $255,000
- $ / sq ft
- $106 ZIP median $153
- Rent estimate
- $1,756/mo ZIP + bedroom comps
- Property taxes
- $5,668/yr 2% cap on assessed value $283,400
- PITIA (assumed)
- $1,916/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.92 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 31/100 31% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 2,412 sq ft
- Lot
- 14,810 sq ft
- Year built
- 1973
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131650
- Listed
- Oct 17, 2026
- Days on market
- 14
- Listing agent
- Lindsey Smalling · Highgarden Real Estate
3174355914 · smallingeliterealtygroup@gmail.com - Price history
- First asked $255,000
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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.