1 / 6
36score
↓ $25,000
$249,900
MLS
Street view807 N Parker Ave
Indianapolis IN 46201 · Single Family · built 1920
4 bd2.5 ba2,124 sqft$118/sqft vs ZIP $141 −17%
1.09 lender DSCR (est.)
Rent covers the estimated payment 1.09× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,820/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
16% under ZIP $/sqftprice cut 10%
The underwriting
The numbers (estimates, illustrative)
$249,900List price
$1,820Rent estimate / mo
1.09Lender DSCR (est.)
$2,999Taxes / yr · assumed 1.2%
$141ZIP median $ / sqft
36/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$1,311 |
| − Taxes | −$250 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $155 |
The numbers
- Price
- $249,900
- $ / sq ft
- $118 ZIP median $141
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $2,999/yr assumed 1.2% of price
- PITIA (assumed)
- $1,665/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.09 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 36/100 16% under ZIP $/sqft · price cut 10%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,124 sq ft
- Lot
- 5,227 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 #
- 22111662
- Listed
- Jul 2, 2026
- Days on market
- 107
- Listing agent
- Jeremy Snyder · Ferris Property Group
3175234838 · steve.snyder@talktotucker.com - Price history
- First asked $274,900 · previously $274,900 cut $25,000
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.