1 / 6
0score
$230,000
MLS
Street view818-820 N Drexel Ave
Indianapolis IN 46201 · Multi-Family · built 1925
2 bd1 ba988 sqft$233/sqft vs ZIP $141 +65%
0.78 lender DSCR (est.)
Rent covers the estimated payment 0.78× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,195/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.
The underwriting
The numbers (estimates, illustrative)
$230,000List price
$1,195Rent estimate / mo
0.78Lender DSCR (est.)
$2,760Taxes / yr · assumed 1.2%
$141ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,195 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$230 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $-337 |
The numbers
- Price
- $230,000
- $ / sq ft
- $233 ZIP median $141
- Rent estimate
- $1,195/mo ZIP + bedroom comps
- Property taxes
- $2,760/yr assumed 1.2% of price
- PITIA (assumed)
- $1,532/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.78 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 988 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1925
- Property type
- Multi-Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22133077
- Listed
- Oct 23, 2026
- Days on market
- 9
- Listing agent
- Kurt Clements · Diverse Property Solutions Ind
3175783827 · kurt@diversepsi.com - Price history
- First asked $230,000
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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.