1 / 6
14score
New
$400,000
MLS
Street view6502 Caroline Ave
Indianapolis IN 46220 · Single Family · built 1941
3 bd2 ba2,080 sqft$192/sqft vs ZIP $202 −5%
0.61 lender DSCR (est.)
Rent covers the estimated payment 0.61× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,799/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.
new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$400,000List price
$1,799Rent estimate / mo
0.61Lender DSCR (est.)
$8,056Taxes / yr · county assessor
$202ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,799 |
| − Mortgage (P&I) | −$2,098 |
| − Taxes | −$671 |
| − Insurance | −$167 |
| = Cash flow before vacancy & repairs | $-1,137 |
The numbers
- Price
- $400,000
- $ / sq ft
- $192 ZIP median $202
- Rent estimate
- $1,799/mo ZIP + bedroom comps
- Property taxes
- $8,056/yr 2% cap on assessed value $402,800
- PITIA (assumed)
- $2,936/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.61 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 new this week · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 2,080 sq ft
- Lot
- 10,019 sq ft
- Year built
- 1941
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133939
- Listed
- Oct 29, 2026
- Days on market
- 4
- Listing agent
- Noah Kirsch · 1 Percent Lists Indiana Real Estate
6087322441 · noah.kirsch@1percentlists.com - Price history
- First asked $400,000
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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.