1 / 6
18score
↓ $500
$229,500
MLS
Street view821 E 36th St
Indianapolis IN 46205 · Single Family · built 1922
3 bd2.5 ba1,488 sqft$154/sqft vs ZIP $165 −7%
1.01 lender DSCR (est.)
Rent covers the estimated payment 1.01× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,710/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 0%below assessed value
The underwriting
The numbers (estimates, illustrative)
$229,500List price
$1,710Rent estimate / mo
1.01Lender DSCR (est.)
$4,670Taxes / yr · county assessor
$165ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,710 |
| − Mortgage (P&I) | −$1,204 |
| − Taxes | −$389 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $22 |
The numbers
- Price
- $229,500
- $ / sq ft
- $154 ZIP median $165
- Rent estimate
- $1,710/mo ZIP + bedroom comps
- Property taxes
- $4,670/yr 2% cap on assessed value $233,500
- PITIA (assumed)
- $1,688/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.01 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 price cut 0% · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,488 sq ft
- Lot
- 2,614 sq ft
- Year built
- 1922
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22096121
- Listed
- Apr 21, 2026
- Days on market
- 179
- Listing agent
- Torrey Mindrebo · Keller Williams Indpls Metro N
3176939705 · torreymindrebo@kw.com - Price history
- First asked $230,000 · previously $230,000 cut $500
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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.