Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
23score
↓ $9,300
$309,900
MLS
Street view12140 Black Hills Dr
Fishers IN 46038 · Single Family · built 2006
3 bd2 ba2,057 sqft$151/sqft vs ZIP $190 −21%
0.88 lender DSCR (est.)
Rent covers the estimated payment 0.88× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,082/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 $/sqftprice cut 3%
The underwriting
The numbers (estimates, illustrative)
$309,900List price
$2,082Rent estimate / mo
0.88Lender DSCR (est.)
$6,044Taxes / yr · county assessor
$190ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,082 |
| − Mortgage (P&I) | −$1,625 |
| − Taxes | −$504 |
| − Insurance | −$129 |
| − HOA | −$120 |
| = Cash flow before vacancy & repairs | $-296 |
The numbers
- Price
- $309,900
- $ / sq ft
- $151 ZIP median $190
- Rent estimate
- $2,082/mo HUD fair-market rent
- Property taxes
- $6,044/yr 2% cap on assessed value $302,200
- PITIA (assumed)
- $2,378/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $120/mo
- Lender DSCR (est.)
- 0.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 21% under ZIP $/sqft · price cut 3%
The property
- Beds / baths
- 3 / 2
- Living area
- 2,057 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2006
- Property type
- Single Family
- HOA
- $120/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22084027
- Listed
- Feb 20, 2026
- Days on market
- 227
- Listing agent
- Kyle Gillette · Highgarden Real Estate
3177165255 · kgillette@highgarden.com - Price history
- First asked $319,200 · previously $319,200 cut $9,300
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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.