1 / 6
15score
↓ $20,100
$234,900
MLS
Street view6641 W 15th St
Indianapolis IN 46214 · Single Family · built 1958
3 bd1.5 ba1,795 sqft$131/sqft vs ZIP $138 −5%
0.88 lender DSCR (est.)
Rent covers the estimated payment 0.88× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,509/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.
price cut 9%
The underwriting
The numbers (estimates, illustrative)
$234,900List price
$1,509Rent estimate / mo
0.88Lender DSCR (est.)
$4,626Taxes / yr · county assessor
$138ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,509 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$386 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $-206 |
The numbers
- Price
- $234,900
- $ / sq ft
- $131 ZIP median $138
- Rent estimate
- $1,509/mo HUD fair-market rent
- Property taxes
- $4,626/yr 2% cap on assessed value $231,300
- PITIA (assumed)
- $1,715/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 9%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,795 sq ft
- Lot
- 14,810 sq ft
- Year built
- 1958
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121448
- Listed
- Aug 21, 2026
- Days on market
- 57
- Listing agent
- Brenda Outcalt · Carpenter Realtors, West
3173629594 · west@callcarpenter.com - Price history
- First asked $255,000 · previously $255,000 cut $20,100
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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.