1 / 6
39score
↓ $4,900
$225,000
MLS
Street view506 Lawrence Ave
Indianapolis IN 46227 · Single Family · built 1954
5 bd1.5 ba2,028 sqft$111/sqft vs ZIP $156 −29%
1.07 lender DSCR (est.)
Rent covers the estimated payment 1.07× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,743/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.
29% under ZIP $/sqftprice cut 2%
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$1,743Rent estimate / mo
1.07Lender DSCR (est.)
$4,344Taxes / yr · county assessor
$156ZIP median $ / sqft
39/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,743 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$362 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $107 |
The numbers
- Price
- $225,000
- $ / sq ft
- $111 ZIP median $156
- Rent estimate
- $1,743/mo HUD fair-market rent
- Property taxes
- $4,344/yr 2% cap on assessed value $217,200
- PITIA (assumed)
- $1,636/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 39/100 29% under ZIP $/sqft · price cut 2%
The property
- Beds / baths
- 5 / 1.5
- Living area
- 2,028 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1954
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123665
- Listed
- Sep 1, 2026
- Days on market
- 46
- Listing agent
- Andy Ludlow · Exp Realty, LLC
3173726147 · aludlow@callcarpenter.com - Price history
- First asked $229,900 · previously $229,900 cut $4,900
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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.