1 / 6
41score
↓ $5,900
$184,000
MLS
Street view415 S Arlington Ave
Indianapolis IN 46219 · Single Family · built 1920
3 bd2 ba1,704 sqft$108/sqft vs ZIP $142 −24%
1.12 lender DSCR (est.)
Rent covers the estimated payment 1.12× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,480/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.
24% under ZIP $/sqftprice cut 3%
The underwriting
The numbers (estimates, illustrative)
$184,000List price
$1,480Rent estimate / mo
1.12Lender DSCR (est.)
$3,292Taxes / yr · county assessor
$142ZIP median $ / sqft
41/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,480 |
| − Mortgage (P&I) | −$965 |
| − Taxes | −$274 |
| − Insurance | −$77 |
| = Cash flow before vacancy & repairs | $164 |
The numbers
- Price
- $184,000
- $ / sq ft
- $108 ZIP median $142
- Rent estimate
- $1,480/mo ZIP + bedroom comps
- Property taxes
- $3,292/yr 2% cap on assessed value $164,600
- PITIA (assumed)
- $1,316/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.12 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 41/100 24% under ZIP $/sqft · price cut 3%
The property
- Beds / baths
- 3 / 2
- Living area
- 1,704 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116440
- Listed
- Jul 27, 2026
- Days on market
- 82
- Listing agent
- Andrew Sullivan · Keller Williams Indpls Metro N
3107796610 · andysullivanrealestate@gmail.com - Price history
- First asked $189,900 · previously $189,900 cut $5,900
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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.