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5score
New
$295,000
MLS
Street view605 E 42nd St
Indianapolis IN 46205 · Single Family · built 1911
3 bd2.5 ba1,652 sqft$179/sqft vs ZIP $165 +8%
0.83 lender DSCR (est.)
Rent covers the estimated payment 0.83× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,600/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 week
The underwriting
The numbers (estimates, illustrative)
$295,000List price
$1,600Rent estimate / mo
0.83Lender DSCR (est.)
$3,178Taxes / yr · county assessor
$165ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,600 |
| − Mortgage (P&I) | −$1,547 |
| − Taxes | −$265 |
| − Insurance | −$123 |
| = Cash flow before vacancy & repairs | $-335 |
The numbers
- Price
- $295,000
- $ / sq ft
- $179 ZIP median $165
- Rent estimate
- $1,600/mo ZIP + bedroom comps
- Property taxes
- $3,178/yr 2% cap on assessed value $158,900
- PITIA (assumed)
- $1,935/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.83 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,652 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1911
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131253
- Listed
- Oct 13, 2026
- Days on market
- 2
- Listing agent
- Tim Boston · Carpenter Realtors North Meridian
3178444400 · tboston@mibor.net - Price history
- First asked $295,000
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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.