1 / 6
46score
↓ $6,000
$168,900
MLS
Street view7203 Mortwood Ave
Indianapolis IN 46241 · Single Family · built 1965
3 bd1 ba888 sqft$190/sqft vs ZIP $157 +21%
1.51 lender DSCR (est.)
Rent covers the estimated payment 1.51× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,715/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 1.51price cut 4%
The underwriting
The numbers (estimates, illustrative)
$168,900List price
$1,715Rent estimate / mo
1.51Lender DSCR (est.)
$2,136Taxes / yr · county assessor
$157ZIP median $ / sqft
46/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,715 |
| − Mortgage (P&I) | −$886 |
| − Taxes | −$178 |
| − Insurance | −$70 |
| = Cash flow before vacancy & repairs | $581 |
The numbers
- Price
- $168,900
- $ / sq ft
- $190 ZIP median $157
- Rent estimate
- $1,715/mo ZIP + bedroom comps
- Property taxes
- $2,136/yr 2% cap on assessed value $106,800
- PITIA (assumed)
- $1,134/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.51 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 46/100 DSCR 1.51 · price cut 4%
The property
- Beds / baths
- 3 / 1
- Living area
- 888 sq ft
- Lot
- 7,841 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22104869
- Listed
- May 31, 2026
- Days on market
- 139
- Listing agent
- Joshua Latham · Re/Max Advanced Realty
3179897465 · josh.latham@indyhomepros.com - Price history
- First asked $174,900 · previously $174,900 cut $6,000
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.