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21score
New
$385,000
MLS
Street view601 Sanders St
Indianapolis IN 46203 · Single Family · built 1899
2 bd2.5 ba2,634 sqft$146/sqft vs ZIP $168 −13%
0.44 lender DSCR (est.)
Rent covers the estimated payment 0.44× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,250/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.
13% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$385,000List price
$1,250Rent estimate / mo
0.44Lender DSCR (est.)
$7,704Taxes / yr · county assessor
$168ZIP median $ / sqft
21/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,250 |
| − Mortgage (P&I) | −$2,019 |
| − Taxes | −$642 |
| − Insurance | −$160 |
| = Cash flow before vacancy & repairs | $-1,571 |
The numbers
- Price
- $385,000
- $ / sq ft
- $146 ZIP median $168
- Rent estimate
- $1,250/mo ZIP + bedroom comps
- Property taxes
- $7,704/yr 2% cap on assessed value $385,200
- PITIA (assumed)
- $2,821/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.44 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 21/100 13% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 2 / 2.5
- Living area
- 2,634 sq ft
- Lot
- 4,792 sq ft
- Year built
- 1899
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127995
- Listed
- Sep 28, 2026
- Days on market
- 5
- Listing agent
- Tim O'connor · Berkshire Hathaway HomeServices Indiana Realty
3175903785 · toconnor@bhhsin.com - Price history
- First asked $385,000
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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.