1 / 6
33score
↓ $9,100
$229,900
MLS
Street view11620 Indian Creek Rd S
Indianapolis IN 46259 · Single Family · built 1948
3 bd1 ba1,524 sqft$151/sqft vs ZIP $150 +1%
1.29 lender DSCR (est.)
Rent covers the estimated payment 1.29× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,975/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.
DSCR 1.29price cut 4%
The underwriting
The numbers (estimates, illustrative)
$229,900List price
$1,975Rent estimate / mo
1.29Lender DSCR (est.)
$2,759Taxes / yr · assumed 1.2%
$150ZIP median $ / sqft
33/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,975 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$230 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $444 |
The numbers
- Price
- $229,900
- $ / sq ft
- $151 ZIP median $150
- Rent estimate
- $1,975/mo ZIP + bedroom comps
- Property taxes
- $2,759/yr assumed 1.2% of price
- PITIA (assumed)
- $1,531/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.29 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 33/100 DSCR 1.29 · price cut 4%
The property
- Beds / baths
- 3 / 1
- Living area
- 1,524 sq ft
- Lot
- 31,799 sq ft
- Year built
- 1948
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- 100
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122165
- Listed
- Aug 25, 2026
- Days on market
- 53
- Listing agent
- Joshua Groh · The Modglin Group
3177279881 · joshtherealtor1@gmail.com - Price history
- First asked $239,000 · previously $239,000 cut $9,100
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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.