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22score
$219,000
MLS
Street view408 N Forest Ave
Indianapolis IN 46201 · Single Family · built 1955
3 bd3 ba1,930 sqft$113/sqft vs ZIP $140 −19%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,450/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.
19% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$219,000List price
$1,450Rent estimate / mo
1.00Lender DSCR (est.)
$2,438Taxes / yr · county assessor
$140ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,450 |
| − Mortgage (P&I) | −$1,148 |
| − Taxes | −$203 |
| − Insurance | −$91 |
| = Cash flow before vacancy & repairs | $7 |
The numbers
- Price
- $219,000
- $ / sq ft
- $113 ZIP median $140
- Rent estimate
- $1,450/mo ZIP + bedroom comps
- Property taxes
- $2,438/yr 2% cap on assessed value $121,900
- PITIA (assumed)
- $1,443/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 19% under ZIP $/sqft
The property
- Beds / baths
- 3 / 3
- Living area
- 1,930 sq ft
- Lot
- 3,485 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125570
- Listed
- Sep 11, 2026
- Days on market
- 21
- Listing agent
- Brian Pachciarz · Blp Realty Group
8889746963 · bpgagolf@yahoo.com - Price history
- First asked $219,000
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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.