1 / 6
60score
$255,000
MLS
Street view838 Doctor M L K Jr St
Indianapolis IN 46202 · Single Family · built 1910
4 bd4 ba2,468 sqft$103/sqft vs ZIP $207 −50%
2.00 lender DSCR (est.)
Rent covers the estimated payment 2.00× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $3,398/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.
DSCR 2.0050% under ZIP $/sqftverify condition
The underwriting
The numbers (estimates, illustrative)
$255,000List price
$3,398Rent estimate / mo
2.00Lender DSCR (est.)
$3,060Taxes / yr · assumed 1.2%
$207ZIP median $ / sqft
60/100Deal Score
Monthly picture (illustrative)
| Rent est. | $3,398 |
| − Mortgage (P&I) | −$1,337 |
| − Taxes | −$255 |
| − Insurance | −$106 |
| = Cash flow before vacancy & repairs | $1,700 |
The numbers
- Price
- $255,000
- $ / sq ft
- $103 ZIP median $207
- Rent estimate
- $3,398/mo ZIP + bedroom comps
- Property taxes
- $3,060/yr assumed 1.2% of price
- PITIA (assumed)
- $1,698/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 2.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 60/100 DSCR 2.00 · 50% under ZIP $/sqft · verify condition
The property
- Beds / baths
- 4 / 4
- Living area
- 2,468 sq ft
- Lot
- 3,920 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22111117
- Listed
- Jun 30, 2026
- Days on market
- 109
- Listing agent
- Jie Zhou · Myl Realty, Llc
3177647472 · zhoujiehy@gmail.com - Price history
- First asked $255,000
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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.