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33score
$195,000
MLS
Street view4050 Wallace Ave
Indianapolis IN 46226 · Single Family · built 1958
3 bd2.5 ba2,196 sqft$89/sqft vs ZIP $128 −31%
0.94 lender DSCR (est.)
Rent covers the estimated payment 0.94× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,425/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)
$195,000List price
$1,425Rent estimate / mo
0.94Lender DSCR (est.)
$4,898Taxes / yr · county assessor
$128ZIP median $ / sqft
33/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,425 |
| − Mortgage (P&I) | −$1,023 |
| − Taxes | −$408 |
| − Insurance | −$81 |
| = Cash flow before vacancy & repairs | $-87 |
The numbers
- Price
- $195,000
- $ / sq ft
- $89 ZIP median $128
- Rent estimate
- $1,425/mo ZIP + bedroom comps
- Property taxes
- $4,898/yr 2% cap on assessed value $244,900
- PITIA (assumed)
- $1,512/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.94 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 33/100 31% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,196 sq ft
- Lot
- 16,553 sq ft
- Year built
- 1958
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22113197
- Listed
- Sep 15, 2026
- Days on market
- 17
- Listing agent
- Chase Lyday · Highgarden Real Estate
3176943642 · chase.lyday@talktotucker.com - Price history
- First asked $195,000
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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.