Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
39score
↓ $15,000
$335,000
MLS
Street view5828 Indianola Ave
Indianapolis IN 46220 · Single Family · built 1937
2 bd1 ba2,442 sqft$137/sqft vs ZIP $208 −34%
0.66 lender DSCR (est.)
Rent covers the estimated payment 0.66× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,710/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.
34% under ZIP $/sqftprice cut 4%below assessed value
The underwriting
The numbers (estimates, illustrative)
$335,000List price
$1,710Rent estimate / mo
0.66Lender DSCR (est.)
$8,206Taxes / yr · county assessor
$208ZIP median $ / sqft
39/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,757 |
| − Taxes | −$684 |
| − Insurance | −$140 |
| = Cash flow before vacancy & repairs | $-870 |
The numbers
- Price
- $335,000
- $ / sq ft
- $137 ZIP median $208
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $8,206/yr 2% cap on assessed value $410,300
- PITIA (assumed)
- $2,580/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.66 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 39/100 34% under ZIP $/sqft · price cut 4% · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 2,442 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1937
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114588
- Listed
- Jul 23, 2026
- Days on market
- 72
- Listing agent
- Rick Elson · CENTURY 21 Scheetz
3177052523 · rlelson@c21scheetz.com - Price history
- First asked $350,000 · previously $350,000 cut $15,000
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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.