1 / 6
4score
New Construction
$299,995
MLS
Street view11824 Cotterill Way
Indianapolis IN 46235 · Single Family · built 2025
4 bd2.5 ba2,169 sqft$138/sqft vs ZIP $138 −0%
0.97 lender DSCR (est.)
Rent covers the estimated payment 0.97× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,995/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.
The underwriting
The numbers (estimates, illustrative)
$299,995List price
$1,995Rent estimate / mo
0.97Lender DSCR (est.)
$3,600Taxes / yr · assumed 1.2%
$138ZIP median $ / sqft
4/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,995 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$300 |
| − Insurance | −$125 |
| − HOA | −$67 |
| = Cash flow before vacancy & repairs | $-70 |
The numbers
- Price
- $299,995
- $ / sq ft
- $138 ZIP median $138
- Rent estimate
- $1,995/mo ZIP + bedroom comps
- Property taxes
- $3,600/yr assumed 1.2% of price
- PITIA (assumed)
- $2,065/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $67/mo
- Lender DSCR (est.)
- 0.97 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 4/100
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,169 sq ft
- Lot
- 5,663 sq ft
- Year built
- 2025
- Property type
- Single Family
- HOA
- $67/mo
- Flood zone
- 100
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22130272
- Listed
- Oct 9, 2026
- Days on market
- 9
- Listing agent
- Erin M. Hundley · Compass of Indiana, LLC
3174300866 · erin.hundley@compass.com - Price history
- First asked $299,995
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.