1 / 6
29score
↓ $12,500
$227,500
MLS
Street view827 E Mills Ave
Indianapolis IN 46227 · Single Family · built 1924
3 bd1 ba1,234 sqft$184/sqft vs ZIP $156 +18%
1.20 lender DSCR (est.)
Rent covers the estimated payment 1.20× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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 5%
The underwriting
The numbers (estimates, illustrative)
$227,500List price
$1,850Rent estimate / mo
1.20Lender DSCR (est.)
$3,102Taxes / yr · county assessor
$156ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,193 |
| − Taxes | −$259 |
| − Insurance | −$95 |
| = Cash flow before vacancy & repairs | $304 |
The numbers
- Price
- $227,500
- $ / sq ft
- $184 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $3,102/yr 2% cap on assessed value $155,100
- PITIA (assumed)
- $1,546/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.20 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 price cut 5%
The property
- Beds / baths
- 3 / 1
- Living area
- 1,234 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1924
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123413
- Listed
- Sep 1, 2026
- Days on market
- 46
- Listing agent
- Mark Clarey · Keller Williams Indy Metro S
3173624251 · mclarey1@kw.com - Price history
- First asked $240,000 · previously $230,000 cut $12,500
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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.