1 / 6
10score
New
$349,900
MLS
Street view602 Terrace Ave
Indianapolis IN 46203 · Single Family · built 1905
3 bd2.5 ba2,018 sqft$173/sqft vs ZIP $168 +3%
0.59 lender DSCR (est.)
Rent covers the estimated payment 0.59× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,513/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.
new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$349,900List price
$1,513Rent estimate / mo
0.59Lender DSCR (est.)
$7,030Taxes / yr · county assessor
$168ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,513 |
| − Mortgage (P&I) | −$1,835 |
| − Taxes | −$586 |
| − Insurance | −$146 |
| = Cash flow before vacancy & repairs | $-1,054 |
The numbers
- Price
- $349,900
- $ / sq ft
- $173 ZIP median $168
- Rent estimate
- $1,513/mo ZIP + bedroom comps
- Property taxes
- $7,030/yr 2% cap on assessed value $351,500
- PITIA (assumed)
- $2,567/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.59 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 new this week · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,018 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1905
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133621
- Listed
- Oct 30, 2026
- Days on market
- 3
- Listing agent
- Lisa Wuertz · F.C. Tucker Company - South
3178883311 · lisa.wuertz@talktotucker.com - Price history
- First asked $349,900
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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.