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28score
New
$165,000
MLS
Street view923 Spruce St
Indianapolis IN 46203 · Single Family · built 1920
2 bd1 ba1,060 sqft$156/sqft vs ZIP $168 −7%
1.16 lender DSCR (est.)
Rent covers the estimated payment 1.16× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,250/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$165,000List price
$1,250Rent estimate / mo
1.16Lender DSCR (est.)
$1,686Taxes / yr · county assessor
$168ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,250 |
| − Mortgage (P&I) | −$865 |
| − Taxes | −$141 |
| − Insurance | −$69 |
| = Cash flow before vacancy & repairs | $175 |
The numbers
- Price
- $165,000
- $ / sq ft
- $156 ZIP median $168
- Rent estimate
- $1,250/mo ZIP + bedroom comps
- Property taxes
- $1,686/yr 2% cap on assessed value $84,300
- PITIA (assumed)
- $1,075/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.16 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 new this week
The property
- Beds / baths
- 2 / 1
- Living area
- 1,060 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1920
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22128847
- Listed
- Sep 30, 2026
- Days on market
- 3
- Listing agent
- Jennifer S Blandford · Carpenter Realtors, Zionsville
3178472695 · jblandford@callcarpenter.com - Price history
- First asked $165,000
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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.