1 / 6
17score
↓ $15,000
$274,900
MLS
Street view438 Orange St
Indianapolis IN 46225 · Single Family · built 1889
3 bd2 ba1,104 sqft$249/sqft vs ZIP $148 +68%
0.93 lender DSCR (est.)
Rent covers the estimated payment 0.93× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,900/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.
price cut 5%below assessed value
The underwriting
The numbers (estimates, illustrative)
$274,900List price
$1,900Rent estimate / mo
0.93Lender DSCR (est.)
$5,724Taxes / yr · county assessor
$148ZIP median $ / sqft
17/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,900 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$477 |
| − Insurance | −$115 |
| = Cash flow before vacancy & repairs | $-133 |
The numbers
- Price
- $274,900
- $ / sq ft
- $249 ZIP median $148
- Rent estimate
- $1,900/mo ZIP + bedroom comps
- Property taxes
- $5,724/yr 2% cap on assessed value $286,200
- PITIA (assumed)
- $2,033/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.93 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 17/100 price cut 5% · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,104 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1889
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127190
- Listed
- Sep 21, 2026
- Days on market
- 26
- Listing agent
- Carl Vargas · F.C. Tucker Company - West
3175906390 · carl@carlvargasteam.com - Price history
- First asked $289,900 · previously $289,900 cut $15,000
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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.