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68score
$119,900
MLS
Street view4140 Mellis Dr
Indianapolis IN 46235 · Single Family · built 1970
3 bd2 ba1,200 sqft$100/sqft vs ZIP $138 −28%
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. $1,679/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 1.9228% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$119,900List price
$1,679Rent estimate / mo
1.92Lender DSCR (est.)
$2,376Taxes / yr · county assessor
$138ZIP median $ / sqft
68/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,679 |
| − Mortgage (P&I) | −$629 |
| − Taxes | −$198 |
| − Insurance | −$50 |
| = Cash flow before vacancy & repairs | $802 |
The numbers
- Price
- $119,900
- $ / sq ft
- $100 ZIP median $138
- Rent estimate
- $1,679/mo rent comps
- Property taxes
- $2,376/yr 2% cap on assessed value $118,800
- PITIA (assumed)
- $877/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
- 68/100 DSCR 1.92 · 28% under ZIP $/sqft
The property
- Beds / baths
- 3 / 2
- Living area
- 1,200 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1970
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122545
- Listed
- Sep 4, 2026
- Days on market
- 43
- Listing agent
- Sammy Nieves · Trelora Realty, Inc
3174482284 · sammy.nieves@trelora.com - Price history
- First asked $119,900
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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.