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5score
$429,900
MLS
Street view615 Orange St
Indianapolis IN 46203 · Single Family · built 1906
4 bd3 ba2,165 sqft$199/sqft vs ZIP $168 +18%
0.66 lender DSCR (est.)
Rent covers the estimated payment 0.66× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,250/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$429,900List price
$2,250Rent estimate / mo
0.66Lender DSCR (est.)
$11,796Taxes / yr · county assessor
$168ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,250 |
| − Mortgage (P&I) | −$2,254 |
| − Taxes | −$983 |
| − Insurance | −$179 |
| = Cash flow before vacancy & repairs | $-1,167 |
The numbers
- Price
- $429,900
- $ / sq ft
- $199 ZIP median $168
- Rent estimate
- $2,250/mo ZIP + bedroom comps
- Property taxes
- $11,796/yr 2% cap on assessed value $589,800
- PITIA (assumed)
- $3,417/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.66 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 4 / 3
- Living area
- 2,165 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1906
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127424
- Listed
- Sep 22, 2026
- Days on market
- 11
- Listing agent
- Jason Royer · Exp Realty, LLC
3176224032 · jason@theredoakgroup.com - Price history
- First asked $429,900
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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.