1 / 6
15score
↓ $7,000
$168,000
MLS
Street view601 Wallace Ave
Indianapolis IN 46201 · Single Family · built 1915
2 bd1.5 ba1,128 sqft$149/sqft vs ZIP $141 +6%
1.01 lender DSCR (est.)
Rent covers the estimated payment 1.01× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,195/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.
price cut 4%
The underwriting
The numbers (estimates, illustrative)
$168,000List price
$1,195Rent estimate / mo
1.01Lender DSCR (est.)
$2,842Taxes / yr · county assessor
$141ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$881 |
| − Taxes | −$237 |
| − Insurance | −$70 |
| = Cash flow before vacancy & repairs | $7 |
The numbers
- Price
- $168,000
- $ / sq ft
- $149 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $2,842/yr 2% cap on assessed value $142,100
- PITIA (assumed)
- $1,188/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.01 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 4%
The property
- Beds / baths
- 2 / 1.5
- Living area
- 1,128 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1915
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22101529
- Listed
- May 14, 2026
- Days on market
- 156
- Listing agent
- Amanda Alderson Hadley · F.C. Tucker Company - Downtown
3177968141 · amanda.hadley@talktotucker.com - Price history
- First asked $175,000 · previously $175,000 cut $7,000
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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.