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6score
$309,900
MLS
Street view427 W 42nd St
Indianapolis IN 46208 · Single Family · built 1921
4 bd2 ba1,881 sqft$165/sqft vs ZIP $131 +26%
0.92 lender DSCR (est.)
Rent covers the estimated payment 0.92× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,100/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$309,900List price
$2,100Rent estimate / mo
0.92Lender DSCR (est.)
$6,302Taxes / yr · county assessor
$131ZIP median $ / sqft
6/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,100 |
| − Mortgage (P&I) | −$1,625 |
| − Taxes | −$525 |
| − Insurance | −$129 |
| = Cash flow before vacancy & repairs | $-179 |
The numbers
- Price
- $309,900
- $ / sq ft
- $165 ZIP median $131
- Rent estimate
- $2,100/mo ZIP + bedroom comps
- Property taxes
- $6,302/yr 2% cap on assessed value $315,100
- PITIA (assumed)
- $2,279/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.92 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 6/100 below assessed value
The property
- Beds / baths
- 4 / 2
- Living area
- 1,881 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1921
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121334
- Listed
- Sep 8, 2026
- Days on market
- 25
- Listing agent
- Bailey Braunecker · eXp Realty, LLC
3175189253 · in.broker@exprealty.net - Price history
- First asked $309,900
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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.