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0score
$409,000
MLS
Street view6041 Indianola Ave
Indianapolis IN 46220 · Single Family · built 1936
3 bd2 ba1,894 sqft$216/sqft vs ZIP $202 +7%
0.62 lender DSCR (est.)
Rent covers the estimated payment 0.62× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,799/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.
The underwriting
The numbers (estimates, illustrative)
$409,000List price
$1,799Rent estimate / mo
0.62Lender DSCR (est.)
$7,182Taxes / yr · county assessor
$202ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,799 |
| − Mortgage (P&I) | −$2,145 |
| − Taxes | −$599 |
| − Insurance | −$170 |
| = Cash flow before vacancy & repairs | $-1,115 |
The numbers
- Price
- $409,000
- $ / sq ft
- $216 ZIP median $202
- Rent estimate
- $1,799/mo ZIP + bedroom comps
- Property taxes
- $7,182/yr 2% cap on assessed value $359,100
- PITIA (assumed)
- $2,914/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.62 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 3 / 2
- Living area
- 1,894 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1936
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131595
- Listed
- Oct 15, 2026
- Days on market
- 17
- Listing agent
- Emily Burford · @properties
3177559226 · emily@indyhavens.com - Price history
- First asked $409,000
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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.