Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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12score
$310,000
MLS
Street view11503 Basalt Dr
Indianapolis IN 46235 · Single Family · built 2024
5 bd3 ba2,460 sqft$126/sqft vs ZIP $138 −9%
0.71 lender DSCR (est.)
Rent covers the estimated payment 0.71× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,670/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.
9% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$310,000List price
$1,670Rent estimate / mo
0.71Lender DSCR (est.)
$6,374Taxes / yr · county assessor
$138ZIP median $ / sqft
12/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,670 |
| − Mortgage (P&I) | −$1,626 |
| − Taxes | −$531 |
| − Insurance | −$129 |
| − HOA | −$58 |
| = Cash flow before vacancy & repairs | $-674 |
The numbers
- Price
- $310,000
- $ / sq ft
- $126 ZIP median $138
- Rent estimate
- $1,670/mo HUD fair-market rent
- Property taxes
- $6,374/yr 2% cap on assessed value $318,700
- PITIA (assumed)
- $2,344/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $58/mo
- Lender DSCR (est.)
- 0.71 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 12/100 9% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 5 / 3
- Living area
- 2,460 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2024
- Property type
- Single Family
- HOA
- $58/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119582
- Listed
- Aug 28, 2026
- Days on market
- 36
- Listing agent
- Milissa Shupert · Mark Dietel Realty, LLC
3173333726 · mashupert@gmail.com - Price history
- First asked $310,000
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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.