Last confirmed active 17 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
23score
↓ $12,600
$234,900
MLS
Street view1127 Evans Ave
Noblesville IN 46060 · Single Family · built 1930
3 bd1 ba928 sqft$253/sqft vs ZIP $184 +38%
1.10 lender DSCR (est.)
Rent covers the estimated payment 1.10× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,735/mo (HUD fair-market rent) ÷ 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 5%
The underwriting
The numbers (estimates, illustrative)
$234,900List price
$1,735Rent estimate / mo
1.10Lender DSCR (est.)
$2,974Taxes / yr · county assessor
$184ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,735 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$248 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $157 |
The numbers
- Price
- $234,900
- $ / sq ft
- $253 ZIP median $184
- Rent estimate
- $1,735/mo HUD fair-market rent
- Property taxes
- $2,974/yr 2% cap on assessed value $148,700
- PITIA (assumed)
- $1,578/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 price cut 5%
The property
- Beds / baths
- 3 / 1
- Living area
- 928 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1930
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22115687
- Listed
- Jul 23, 2026
- Days on market
- 74
- Listing agent
- Chris Oaks · Highgarden Real Estate
3173320255 · chris@burrisrealtygroup.com - Price history
- First asked $247,500 · previously $247,500 cut $12,600
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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.