1 / 6
9score
$400,000
MLS
Street view1206 Alfred Cir
Indianapolis IN 46239 · Single Family · built 1992
4 bd2.5 ba3,044 sqft$131/sqft vs ZIP $147 −11%
0.72 lender DSCR (est.)
Rent covers the estimated payment 0.72× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,058/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.
10% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$400,000List price
$2,058Rent estimate / mo
0.72Lender DSCR (est.)
$6,976Taxes / yr · county assessor
$147ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,058 |
| − Mortgage (P&I) | −$2,098 |
| − Taxes | −$581 |
| − Insurance | −$167 |
| = Cash flow before vacancy & repairs | $-788 |
The numbers
- Price
- $400,000
- $ / sq ft
- $131 ZIP median $147
- Rent estimate
- $2,058/mo ZIP + bedroom comps
- Property taxes
- $6,976/yr 2% cap on assessed value $348,800
- PITIA (assumed)
- $2,846/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.72 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 10% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2.5
- Living area
- 3,044 sq ft
- Lot
- 33,541 sq ft
- Year built
- 1992
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131637
- Listed
- Oct 16, 2026
- Days on market
- 15
- Listing agent
- Tracey L Nix · Nix Real Estate Group
3175299566 · traceynix@gmail.com - Price history
- First asked $400,000
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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.