Street view of 6143 E Nelson Pl
1 / 6
21score
$219,990
MLS Street view
Search photos

6143 E Nelson Pl

Indianapolis IN 46219 · Multi-Family · built 1969
4 bd2 ba
1.18 lender DSCR (est.)
Rent covers the estimated payment 1.18× · walk-away floor 1.20 · medium confidence
How we compute this

Rent est. $1,770/mo (HUD fair-market rent) ÷ 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.

registered rental
The underwriting

The numbers (estimates, illustrative)

$219,990List price
$1,770Rent estimate / mo
1.18Lender DSCR (est.)
$3,090Taxes / yr · county assessor
$143ZIP median $ / sqft
21/100Deal Score

Monthly picture (illustrative)

Rent est.$1,770
− Mortgage (P&I)−$1,154
− Taxes−$258
− Insurance−$92
= Cash flow before vacancy & repairs$267

The numbers

Price
$219,990
$ / sq ft
—
Rent estimate
$1,770/mo HUD fair-market rent
Property taxes
$3,090/yr 2% cap on assessed value $154,500
PITIA (assumed)
$1,503/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
Lender DSCR (est.)
1.18 rent ÷ PITIA · lender floor 1.20
Deal Score
21/100 registered rental

The property

Beds / baths
4 / 2
Living area
—
Lot
13,504 sq ft
Year built
1969
Property type
Multi-Family
HOA
None on record
Flood zone
—
Registered rental
Yes — registered with the city

The listing

Source
Standard
MLS #
22133142
Listed
Oct 23, 2026
Days on market
8
Listing agent
Pa Lar · Western Myanmar LLC
3176035417 · pa@wemyrealtor.com
Price history
First asked $219,990
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.

AnalyzeAsk Triad