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16score
New↓ $14,501New Construction
$279,999
Triad
Street view11131 Dressage Way
Indianapolis IN 46239 · Single Family · built 2026
3 bd2 ba1,620 sqft$173/sqft vs ZIP $148 +17%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,883/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.
price cut 5%
The underwriting
The numbers (estimates, illustrative)
$279,999List price
$1,883Rent estimate / mo
1.00Lender DSCR (est.)
$3,360Taxes / yr · assumed 1.2%
$148ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,883 |
| − Mortgage (P&I) | −$1,468 |
| − Taxes | −$280 |
| − Insurance | −$117 |
| − HOA | −$23 |
| = Cash flow before vacancy & repairs | $-5 |
The numbers
- Price
- $279,999
- $ / sq ft
- $173 ZIP median $148
- Rent estimate
- $1,883/mo ZIP + bedroom comps
- Property taxes
- $3,360/yr assumed 1.2% of price
- PITIA (assumed)
- $1,888/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $23/mo
- Lender DSCR (est.)
- 1.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 price cut 5%
The property
- Beds / baths
- 3 / 2
- Living area
- 1,620 sq ft
- Lot
- 7,187 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $23/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- —
- Listed
- Oct 13, 2026
- Days on market
- 46 relisted — counted from when we first saw it
- Listing agent
- Not on the feed — use the official listing link
- Price history
- First asked $294,500 · previously $294,500 cut $14,501
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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.