1 / 6
29score
↓ $5,000
$174,900
MLS
Street view646 E 51st St
Indianapolis IN 46205 · Single Family · built 1920
2 bd1 ba888 sqft$197/sqft vs ZIP $164 +20%
1.18 lender DSCR (est.)
Rent covers the estimated payment 1.18× · 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.
price cut 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$174,900List price
$1,600Rent estimate / mo
1.18Lender DSCR (est.)
$4,324Taxes / yr · county assessor
$164ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,600 |
| − Mortgage (P&I) | −$917 |
| − Taxes | −$360 |
| − Insurance | −$73 |
| = Cash flow before vacancy & repairs | $250 |
The numbers
- Price
- $174,900
- $ / sq ft
- $197 ZIP median $164
- Rent estimate
- $1,600/mo ZIP + bedroom comps
- Property taxes
- $4,324/yr 2% cap on assessed value $216,200
- PITIA (assumed)
- $1,350/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
- 29/100 price cut 3% · below assessed value
The property
- Beds / baths
- 2 / 1
- Living area
- 888 sq ft
- Lot
- 3,049 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123511
- Listed
- Sep 4, 2026
- Days on market
- 57
- Listing agent
- Andrew Hehman · eXp Realty, LLC
8123440722 · andy@locksteprealty.com - Price history
- First asked $179,900 · previously $179,900 cut $5,000
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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.