Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
8score
↓ $5,100
$359,900
MLS
Street view744 N New Jersey St
Indianapolis IN 46202 · Single Family · built 1982
2 bd1.5 ba1,100 sqft$327/sqft vs ZIP $207 +58%
0.51 lender DSCR (est.)
Rent covers the estimated payment 0.51× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/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 1%below assessed value
The underwriting
The numbers (estimates, illustrative)
$359,900List price
$1,500Rent estimate / mo
0.51Lender DSCR (est.)
$7,926Taxes / yr · county assessor
$207ZIP median $ / sqft
8/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,887 |
| − Taxes | −$661 |
| − Insurance | −$150 |
| − HOA | −$220 |
| = Cash flow before vacancy & repairs | $-1,418 |
The numbers
- Price
- $359,900
- $ / sq ft
- $327 ZIP median $207
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $7,926/yr 2% cap on assessed value $396,300
- PITIA (assumed)
- $2,918/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $220/mo
- Lender DSCR (est.)
- 0.51 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 8/100 price cut 1% · below assessed value
The property
- Beds / baths
- 2 / 1.5
- Living area
- 1,100 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1982
- Property type
- Single Family
- HOA
- $220/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121316
- Listed
- Aug 27, 2026
- Days on market
- 37
- Listing agent
- Cam Mason · Keller Williams Indpls Metro N
3174306749 · cam.mason@kw.com - Price history
- First asked $365,000 · previously $365,000 cut $5,100
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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.