Street view of 5936 E Shimer Ave
1 / 6
40score
↓ $10,000
$94,900
MLS Street view
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5936 E Shimer Ave

Indianapolis IN 46219 · Single Family · built 1949
1 bd1 ba725 sqft$131/sqft vs ZIP $142 −8%
1.22 lender DSCR (est.)
Rent covers the estimated payment 1.22× · walk-away floor 1.20 · high confidence
How we compute this

Rent est. $828/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.

DSCR 1.22price cut 11%registered rental
The underwriting

The numbers (estimates, illustrative)

$94,900List price
$828Rent estimate / mo
1.22Lender DSCR (est.)
$1,690Taxes / yr · county assessor
$142ZIP median $ / sqft
40/100Deal Score

Monthly picture (illustrative)

Rent est.$828
− Mortgage (P&I)−$498
− Taxes−$141
− Insurance−$40
= Cash flow before vacancy & repairs$150

The numbers

Price
$94,900
$ / sq ft
$131 ZIP median $142
Rent estimate
$828/mo ZIP + bedroom comps
Property taxes
$1,690/yr 2% cap on assessed value $84,500
PITIA (assumed)
$678/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
Lender DSCR (est.)
1.22 rent ÷ PITIA · lender floor 1.20
Deal Score
40/100 DSCR 1.22 · price cut 11% · registered rental

The property

Beds / baths
1 / 1
Living area
725 sq ft
Lot
6,098 sq ft
Year built
1949
Property type
Single Family
HOA
None on record
Flood zone
None (Zone X)
Registered rental
Yes — registered with the city

The listing

Source
Standard
MLS #
22101641
Listed
May 14, 2026
Days on market
156
Listing agent
Isabella Frazier · Trelora Realty, Inc
2193513982 · inteam@trelora.com
Price history
First asked $104,900 · previously $104,900 cut $10,000
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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.

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