1 / 6
17score
↓ $4,900
$175,000
MLS
Street view5229 E 16th St
Indianapolis IN 46218 · Single Family · built 1948
2 bd2 ba1,480 sqft$118/sqft vs ZIP $138 −14%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,073/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.
14% under ZIP $/sqftprice cut 3%
The underwriting
The numbers (estimates, illustrative)
$175,000List price
$1,073Rent estimate / mo
0.84Lender DSCR (est.)
$3,354Taxes / yr · county assessor
$138ZIP median $ / sqft
17/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,073 |
| − Mortgage (P&I) | −$918 |
| − Taxes | −$280 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $-197 |
The numbers
- Price
- $175,000
- $ / sq ft
- $118 ZIP median $138
- Rent estimate
- $1,073/mo ZIP + bedroom comps
- Property taxes
- $3,354/yr 2% cap on assessed value $167,700
- PITIA (assumed)
- $1,270/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 17/100 14% under ZIP $/sqft · price cut 3%
The property
- Beds / baths
- 2 / 2
- Living area
- 1,480 sq ft
- Lot
- 8,276 sq ft
- Year built
- 1948
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22111200
- Listed
- Jul 2, 2026
- Days on market
- 107
- Listing agent
- Jill Turner · Carpenter, REALTORS®
3178421000 · jada@steveandjada.com - Price history
- First asked $179,900 · previously $179,900 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.