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6score
$369,000
MLS
Street view12536 Schoolhouse Rd
Fishers IN 46037 · Single Family · built 2009
3 bd2.5 ba2,280 sqft$162/sqft vs ZIP $175 −8%
0.79 lender DSCR (est.)
Rent covers the estimated payment 0.79× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,114/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.
The underwriting
The numbers (estimates, illustrative)
$369,000List price
$2,114Rent estimate / mo
0.79Lender DSCR (est.)
$6,900Taxes / yr · county assessor
$175ZIP median $ / sqft
6/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,114 |
| − Mortgage (P&I) | −$1,935 |
| − Taxes | −$575 |
| − Insurance | −$154 |
| − HOA | −$25 |
| = Cash flow before vacancy & repairs | $-575 |
The numbers
- Price
- $369,000
- $ / sq ft
- $162 ZIP median $175
- Rent estimate
- $2,114/mo HUD fair-market rent
- Property taxes
- $6,900/yr 2% cap on assessed value $345,000
- PITIA (assumed)
- $2,689/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $25/mo
- Lender DSCR (est.)
- 0.79 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 6/100
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,280 sq ft
- Lot
- 7,841 sq ft
- Year built
- 2009
- Property type
- Single Family
- HOA
- $25/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116437
- Listed
- Jul 28, 2026
- Days on market
- 69
- Listing agent
- Todd Poynter · Poynter Real Estate Solutions
3177763878 · toddpoynter76@gmail.com - Price history
- First asked $369,000
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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.