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36score
↓ $7,900
$237,000
MLS
Street view1129 Fontana Ct
Indianapolis IN 46229 · Single Family · built 1992
4 bd2.5 ba2,020 sqft$117/sqft vs ZIP $139 −16%
1.07 lender DSCR (est.)
Rent covers the estimated payment 1.07× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,010/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.
16% under ZIP $/sqftprice cut 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$237,000List price
$2,010Rent estimate / mo
1.07Lender DSCR (est.)
$5,864Taxes / yr · county assessor
$139ZIP median $ / sqft
36/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,010 |
| − Mortgage (P&I) | −$1,243 |
| − Taxes | −$489 |
| − Insurance | −$99 |
| − HOA | −$42 |
| = Cash flow before vacancy & repairs | $138 |
The numbers
- Price
- $237,000
- $ / sq ft
- $117 ZIP median $139
- Rent estimate
- $2,010/mo ZIP + bedroom comps
- Property taxes
- $5,864/yr 2% cap on assessed value $293,200
- PITIA (assumed)
- $1,872/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $42/mo
- Lender DSCR (est.)
- 1.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 36/100 16% under ZIP $/sqft · price cut 3% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,020 sq ft
- Lot
- 15,246 sq ft
- Year built
- 1992
- Property type
- Single Family
- HOA
- $42/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118198
- Listed
- Aug 5, 2026
- Days on market
- 73
- Listing agent
- Dustin Dubree · REMAX ONE
7652286527 · dustin@monteithlegault.com - Price history
- First asked $244,900 · previously $244,900 cut $7,900
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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.