1 / 6
30score
$115,000
MLS
Street view606 S Spencer Ave
Indianapolis IN 46219 · Single Family · built 1947
2 bd1 ba825 sqft$139/sqft vs ZIP $145 −4%
1.31 lender DSCR (est.)
Rent covers the estimated payment 1.31× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,050/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.
DSCR 1.31
The underwriting
The numbers (estimates, illustrative)
$115,000List price
$1,050Rent estimate / mo
1.31Lender DSCR (est.)
$1,774Taxes / yr · county assessor
$145ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,050 |
| − Mortgage (P&I) | −$603 |
| − Taxes | −$148 |
| − Insurance | −$48 |
| = Cash flow before vacancy & repairs | $251 |
The numbers
- Price
- $115,000
- $ / sq ft
- $139 ZIP median $145
- Rent estimate
- $1,050/mo ZIP + bedroom comps
- Property taxes
- $1,774/yr 2% cap on assessed value $88,700
- PITIA (assumed)
- $799/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.31 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 DSCR 1.31
The property
- Beds / baths
- 2 / 1
- Living area
- 825 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1947
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126739
- Listed
- Sep 19, 2026
- Days on market
- 13
- Listing agent
- Jordan Moody · Keller Williams Indpls Metro N
7653361622 · jordan.moody@kw.com - Price history
- First asked $115,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.