1 / 6
60score
↓ $10,000
$199,900
MLS
Street view623 Orange St
Indianapolis IN 46203 · Single Family · built 1904
4 bd2.5 ba1,582 sqft$126/sqft vs ZIP $168 −25%
1.27 lender DSCR (est.)
Rent covers the estimated payment 1.27× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,095/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 1.2725% under ZIP $/sqftprice cut 5%below assessed value
The underwriting
The numbers (estimates, illustrative)
$199,900List price
$2,095Rent estimate / mo
1.27Lender DSCR (est.)
$6,150Taxes / yr · county assessor
$168ZIP median $ / sqft
60/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,095 |
| − Mortgage (P&I) | −$1,048 |
| − Taxes | −$513 |
| − Insurance | −$83 |
| = Cash flow before vacancy & repairs | $451 |
The numbers
- Price
- $199,900
- $ / sq ft
- $126 ZIP median $168
- Rent estimate
- $2,095/mo ZIP + bedroom comps
- Property taxes
- $6,150/yr 2% cap on assessed value $307,500
- PITIA (assumed)
- $1,644/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.27 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 60/100 DSCR 1.27 · 25% under ZIP $/sqft · price cut 5% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 1,582 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1904
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22099127
- Listed
- Apr 30, 2026
- Days on market
- 170
- Listing agent
- Pmi Midwest · Pmi Midwest
3177942064 · jsibol@midwestpmi.com - Price history
- First asked $209,900 · previously $209,900 cut $10,000
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.