1 / 6
80score
↓ $15,000
$135,000
MLS
Street view409 Parkway Ave
Indianapolis IN 46225 · Single Family · built 1952
4 bd1 ba1,459 sqft$93/sqft vs ZIP $148 −37%
1.92 lender DSCR (est.)
Rent covers the estimated payment 1.92× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,890/mo (rent 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 1.9238% under ZIP $/sqftprice cut 11%
The underwriting
The numbers (estimates, illustrative)
$135,000List price
$1,890Rent estimate / mo
1.92Lender DSCR (est.)
$2,636Taxes / yr · county assessor
$148ZIP median $ / sqft
80/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,890 |
| − Mortgage (P&I) | −$708 |
| − Taxes | −$220 |
| − Insurance | −$56 |
| = Cash flow before vacancy & repairs | $906 |
The numbers
- Price
- $135,000
- $ / sq ft
- $93 ZIP median $148
- Rent estimate
- $1,890/mo rent comps
- Property taxes
- $2,636/yr 2% cap on assessed value $131,800
- PITIA (assumed)
- $984/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.92 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 80/100 DSCR 1.92 · 38% under ZIP $/sqft · price cut 11%
The property
- Beds / baths
- 4 / 1
- Living area
- 1,459 sq ft
- Lot
- 3,485 sq ft
- Year built
- 1952
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 845588
- Listed
- Sep 19, 2026
- Days on market
- 28
- Listing agent
- Georgeann Weisman · Brokerworks Real Estate Group,
2197867000 · gweisman13@gmail.com - Price history
- First asked $150,000 · previously $150,000 cut $15,000
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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.