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0score
$179,990
MLS
Street view839 Waldemere Ave
Indianapolis IN 46241 · Single Family · built 1920
2 bd1 ba768 sqft$234/sqft vs ZIP $157 +49%
0.73 lender DSCR (est.)
Rent covers the estimated payment 0.73× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $950/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.
The underwriting
The numbers (estimates, illustrative)
$179,990List price
$950Rent estimate / mo
0.73Lender DSCR (est.)
$3,418Taxes / yr · county assessor
$157ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $950 |
| − Mortgage (P&I) | −$944 |
| − Taxes | −$285 |
| − Insurance | −$75 |
| = Cash flow before vacancy & repairs | $-354 |
The numbers
- Price
- $179,990
- $ / sq ft
- $234 ZIP median $157
- Rent estimate
- $950/mo ZIP + bedroom comps
- Property taxes
- $3,418/yr 2% cap on assessed value $170,900
- PITIA (assumed)
- $1,304/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.73 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 768 sq ft
- Lot
- 12,197 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22132972
- Listed
- Oct 23, 2026
- Days on market
- 8
- Listing agent
- Payton Mills · F.C. Tucker Company - Keystone at the Crossing
3177528330 · cpmills2411@gmail.com - Price history
- First asked $179,990
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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.