1 / 6
30score
$234,900
MLS
Street view5148 Alameda Rd
Indianapolis IN 46228 · Single Family · built 1960
4 bd2 ba1,488 sqft$158/sqft vs ZIP $143 +10%
1.29 lender DSCR (est.)
Rent covers the estimated payment 1.29× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,332/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.
DSCR 1.29below assessed value
The underwriting
The numbers (estimates, illustrative)
$234,900List price
$2,332Rent estimate / mo
1.29Lender DSCR (est.)
$5,762Taxes / yr · county assessor
$143ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,332 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$480 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $522 |
The numbers
- Price
- $234,900
- $ / sq ft
- $158 ZIP median $143
- Rent estimate
- $2,332/mo HUD fair-market rent
- Property taxes
- $5,762/yr 2% cap on assessed value $288,100
- PITIA (assumed)
- $1,810/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.29 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 DSCR 1.29 · below assessed value
The property
- Beds / baths
- 4 / 2
- Living area
- 1,488 sq ft
- Lot
- 13,504 sq ft
- Year built
- 1960
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22085051
- Listed
- Feb 20, 2026
- Days on market
- 239
- Listing agent
- Robert E Salmons · Entera Realty
7132489869 · rsalmons@greenletco.com - Price history
- First asked $234,900
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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.