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23score
New
$224,990
MLS
Street view4108 Graceland Ave
Indianapolis IN 46208 · Single Family · built 1926
3 bd2.5 ba2,200 sqft$102/sqft vs ZIP $131 −22%
0.86 lender DSCR (est.)
Rent covers the estimated payment 0.86× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,399/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.
22% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$224,990List price
$1,399Rent estimate / mo
0.86Lender DSCR (est.)
$4,144Taxes / yr · county assessor
$131ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,399 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$345 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $-220 |
The numbers
- Price
- $224,990
- $ / sq ft
- $102 ZIP median $131
- Rent estimate
- $1,399/mo ZIP + bedroom comps
- Property taxes
- $4,144/yr 2% cap on assessed value $207,200
- PITIA (assumed)
- $1,619/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.86 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 22% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,200 sq ft
- Lot
- 5,227 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 #
- 22128493
- Listed
- Oct 1, 2026
- Days on market
- 2
- Listing agent
- Kim Lewis · CENTURY 21 Scheetz
3178731700 · klewis@c21scheetz.com - Price history
- First asked $224,990
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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.