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4score
$425,000
MLS
Street view5145 Michigan Rd
Indianapolis IN 46228 · Single Family · built 1927
4 bd3.5 ba3,114 sqft$136/sqft vs ZIP $144 −5%
0.81 lender DSCR (est.)
Rent covers the estimated payment 0.81× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,350/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)
$425,000List price
$2,350Rent estimate / mo
0.81Lender DSCR (est.)
$5,962Taxes / yr · county assessor
$144ZIP median $ / sqft
4/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,350 |
| − Mortgage (P&I) | −$2,229 |
| − Taxes | −$497 |
| − Insurance | −$177 |
| = Cash flow before vacancy & repairs | $-553 |
The numbers
- Price
- $425,000
- $ / sq ft
- $136 ZIP median $144
- Rent estimate
- $2,350/mo HUD fair-market rent
- Property taxes
- $5,962/yr 2% cap on assessed value $298,100
- PITIA (assumed)
- $2,903/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.81 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 4/100
The property
- Beds / baths
- 4 / 3.5
- Living area
- 3,114 sq ft
- Lot
- 21,344 sq ft
- Year built
- 1927
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125025
- Listed
- Sep 9, 2026
- Days on market
- 24
- Listing agent
- Kristin Tomyn · United Real Estate Indpls
3174305558 · kristin@indyhomeselling.com - Price history
- First asked $425,000
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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.