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22score
New↓ $100
$179,900
MLS
Street view838 N Emerson Ave
Indianapolis IN 46219 · Single Family · built 1926
3 bd1 ba1,200 sqft$150/sqft vs ZIP $142 +6%
1.08 lender DSCR (est.)
Rent covers the estimated payment 1.08× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,480/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%new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$179,900List price
$1,480Rent estimate / mo
1.08Lender DSCR (est.)
$4,246Taxes / yr · county assessor
$142ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,480 |
| − Mortgage (P&I) | −$943 |
| − Taxes | −$354 |
| − Insurance | −$75 |
| = Cash flow before vacancy & repairs | $108 |
The numbers
- Price
- $179,900
- $ / sq ft
- $150 ZIP median $142
- Rent estimate
- $1,480/mo ZIP + bedroom comps
- Property taxes
- $4,246/yr 2% cap on assessed value $212,300
- PITIA (assumed)
- $1,372/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.08 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 price cut 0% · new this week · below assessed value
The property
- Beds / baths
- 3 / 1
- Living area
- 1,200 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1926
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131101
- Listed
- Oct 15, 2026
- Days on market
- 3
- Listing agent
- Robert Mejia · F.C. Tucker Company - Crosspoint
4632534525 · robertoindyrealtor@outlook.com - Price history
- First asked $180,000 · previously $180,000 cut $100
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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.