1 / 6
0score
$230,000
MLS
Street view5618 E Michigan St
Indianapolis IN 46219 · Single Family · built 1955
2 bd1 ba1,008 sqft$228/sqft vs ZIP $145 +57%
0.65 lender DSCR (est.)
Rent covers the estimated payment 0.65× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,050/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.
The underwriting
The numbers (estimates, illustrative)
$230,000List price
$1,050Rent estimate / mo
0.65Lender DSCR (est.)
$3,764Taxes / yr · county assessor
$145ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,050 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$314 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $-566 |
The numbers
- Price
- $230,000
- $ / sq ft
- $228 ZIP median $145
- Rent estimate
- $1,050/mo ZIP + bedroom comps
- Property taxes
- $3,764/yr 2% cap on assessed value $188,200
- PITIA (assumed)
- $1,616/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.65 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 1,008 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127267
- Listed
- Sep 23, 2026
- Days on market
- 9
- Listing agent
- Jason Justak · eXp Realty, LLC
3177630110 · jason.justak@exprealty.com - Price history
- First asked $230,000
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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.