1 / 6
41score
↓ $10,100
$219,900
MLS
Street view4230 Norwaldo Ave
Indianapolis IN 46205 · Single Family · built 1952
2 bd3 ba1,728 sqft$127/sqft vs ZIP $165 −23%
1.10 lender DSCR (est.)
Rent covers the estimated payment 1.10× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,625/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.
23% under ZIP $/sqftprice cut 5%
The underwriting
The numbers (estimates, illustrative)
$219,900List price
$1,625Rent estimate / mo
1.10Lender DSCR (est.)
$2,768Taxes / yr · county assessor
$165ZIP median $ / sqft
41/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,625 |
| − Mortgage (P&I) | −$1,153 |
| − Taxes | −$231 |
| − Insurance | −$92 |
| = Cash flow before vacancy & repairs | $150 |
The numbers
- Price
- $219,900
- $ / sq ft
- $127 ZIP median $165
- Rent estimate
- $1,625/mo ZIP + bedroom comps
- Property taxes
- $2,768/yr 2% cap on assessed value $138,400
- PITIA (assumed)
- $1,475/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 41/100 23% under ZIP $/sqft · price cut 5%
The property
- Beds / baths
- 2 / 3
- Living area
- 1,728 sq ft
- Lot
- 5,663 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 #
- 22123308
- Listed
- Aug 30, 2026
- Days on market
- 48
- Listing agent
- Brian Pachciarz · Blp Realty Group
8889746963 · bpgagolf@yahoo.com - Price history
- First asked $230,000 · previously $225,000 cut $10,100
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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.