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5score
$280,000
MLS
Street view431 Melvenia St
Indianapolis IN 46219 · Single Family · built 1959
4 bd1.5 ba1,850 sqft$151/sqft vs ZIP $145 +4%
0.98 lender DSCR (est.)
Rent covers the estimated payment 0.98× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,821/mo (HUD fair-market rent) ÷ 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.
The underwriting
The numbers (estimates, illustrative)
$280,000List price
$1,821Rent estimate / mo
0.98Lender DSCR (est.)
$3,268Taxes / yr · county assessor
$145ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,821 |
| − Mortgage (P&I) | −$1,468 |
| − Taxes | −$272 |
| − Insurance | −$117 |
| = Cash flow before vacancy & repairs | $-36 |
The numbers
- Price
- $280,000
- $ / sq ft
- $151 ZIP median $145
- Rent estimate
- $1,821/mo HUD fair-market rent
- Property taxes
- $3,268/yr 2% cap on assessed value $163,400
- PITIA (assumed)
- $1,857/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.98 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100
The property
- Beds / baths
- 4 / 1.5
- Living area
- 1,850 sq ft
- Lot
- 29,621 sq ft
- Year built
- 1959
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22124394
- Listed
- Sep 24, 2026
- Days on market
- 8
- Listing agent
- Brian Dougherty · CENTURY 21 Scheetz
3178731700 · bdougherty@c21scheetz.com - Price history
- First asked $280,000
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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.