1 / 6
18score
$549,900
MLS
Street view12046 Cowboys Ct
Fishers IN 46037 · Single Family · built 2004
5 bd3.5 ba3,960 sqft$139/sqft vs ZIP $177 −22%
0.64 lender DSCR (est.)
Rent covers the estimated payment 0.64× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,520/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.
21% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$549,900List price
$2,520Rent estimate / mo
0.64Lender DSCR (est.)
$9,348Taxes / yr · county assessor
$177ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,520 |
| − Mortgage (P&I) | −$2,884 |
| − Taxes | −$779 |
| − Insurance | −$229 |
| − HOA | −$48 |
| = Cash flow before vacancy & repairs | $-1,420 |
The numbers
- Price
- $549,900
- $ / sq ft
- $139 ZIP median $177
- Rent estimate
- $2,520/mo HUD fair-market rent
- Property taxes
- $9,348/yr 2% cap on assessed value $467,400
- PITIA (assumed)
- $3,940/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $48/mo
- Lender DSCR (est.)
- 0.64 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 21% under ZIP $/sqft
The property
- Beds / baths
- 5 / 3.5
- Living area
- 3,960 sq ft
- Lot
- 13,939 sq ft
- Year built
- 2004
- Property type
- Single Family
- HOA
- $48/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130742
- Listed
- Oct 10, 2026
- Days on market
- 23
- Listing agent
- Jim Jordan · Realty World Indy
3173248331 · jim@jimsindyhomes.com - Price history
- First asked $549,900
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.