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30score
$184,900
MLS
Street view402 N Parker Ave
Indianapolis IN 46201 · Multi-Family · built 1930
4 bd2 ba
1.29 lender DSCR (est.)
Rent covers the estimated payment 1.29× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
DSCR 1.29below assessed value
The underwriting
The numbers (estimates, illustrative)
$184,900List price
$1,820Rent estimate / mo
1.29Lender DSCR (est.)
$4,382Taxes / yr · county assessor
$141ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$970 |
| − Taxes | −$365 |
| − Insurance | −$77 |
| = Cash flow before vacancy & repairs | $408 |
The numbers
- Price
- $184,900
- $ / sq ft
- —
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $4,382/yr 2% cap on assessed value $219,100
- PITIA (assumed)
- $1,412/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.29 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 DSCR 1.29 · below assessed value
The property
- Beds / baths
- 4 / 2
- Living area
- —
- Lot
- 3,920 sq ft
- Year built
- 1930
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22109652
- Listed
- Jun 24, 2026
- Days on market
- 115
- Listing agent
- Max Moore · @properties
3174763338 · max@maxmoorerealty.com - Price history
- First asked $184,900
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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.