1 / 2
5score
Freddie Mac
$369,900
Freddie Mac
Listing photo12601 N Gasburg Rd
Mooresville IN 46158 · Single Family
3 bd9 ba1,556 sqft$238/sqft
0.59 lender DSCR (est.)
Rent covers the estimated payment 0.59× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,463/mo (HUD fair-market rent) ÷ 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.
government REO
The underwriting
The numbers (estimates, illustrative)
$369,900List price
$1,463Rent estimate / mo
0.59Lender DSCR (est.)
$4,439Taxes / yr · assumed 1.2%
—ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,463 |
| − Mortgage (P&I) | −$1,940 |
| − Taxes | −$370 |
| − Insurance | −$154 |
| = Cash flow before vacancy & repairs | $-1,001 |
The numbers
- Price
- $369,900
- $ / sq ft
- $238
- Rent estimate
- $1,463/mo HUD fair-market rent
- Property taxes
- $4,439/yr assumed 1.2% of price
- PITIA (assumed)
- $2,464/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.59 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 government REO
The property
- Beds / baths
- 3 / 9
- Living area
- 1,556 sq ft
- Lot
- —
- Year built
- —
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Freddie Mac HomeSteps
- MLS #
- —
- Listed
- —
- Days on market
- —
- Listing agent
- Freddie Mac (REO)
- Price history
- No changes recorded
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.