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0score
$299,900
MLS
Street view4050 N Illinois St
Indianapolis IN 46208 · Single Family · built 1926
2 bd2 ba1,418 sqft$211/sqft vs ZIP $126 +68%
0.50 lender DSCR (est.)
Rent covers the estimated payment 0.50× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,075/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.
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$1,075Rent estimate / mo
0.50Lender DSCR (est.)
$5,270Taxes / yr · county assessor
$126ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,075 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$439 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $-1,062 |
The numbers
- Price
- $299,900
- $ / sq ft
- $211 ZIP median $126
- Rent estimate
- $1,075/mo ZIP + bedroom comps
- Property taxes
- $5,270/yr 2% cap on assessed value $263,500
- PITIA (assumed)
- $2,137/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.50 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 2
- Living area
- 1,418 sq ft
- Lot
- 4,792 sq ft
- Year built
- 1926
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118583
- Listed
- Aug 8, 2026
- Days on market
- 70
- Listing agent
- Tracey L Nix · Nix Real Estate Group
3175299566 · traceynix@gmail.com - Price history
- First asked $299,900
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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.