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
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34score
↓ $15,100
$349,900
MLS
Street view12609 Markay Dr
Fishers IN 46038 · Single Family · built 1964
3 bd3 ba2,688 sqft$130/sqft vs ZIP $190 −31%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · 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.
31% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$349,900List price
$2,082Rent estimate / mo
0.84Lender DSCR (est.)
$6,054Taxes / yr · county assessor
$190ZIP median $ / sqft
34/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,082 |
| − Mortgage (P&I) | −$1,835 |
| − Taxes | −$505 |
| − Insurance | −$146 |
| = Cash flow before vacancy & repairs | $-403 |
The numbers
- Price
- $349,900
- $ / sq ft
- $130 ZIP median $190
- Rent estimate
- $2,082/mo HUD fair-market rent
- Property taxes
- $6,054/yr 2% cap on assessed value $302,700
- PITIA (assumed)
- $2,485/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 34/100 31% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 3 / 3
- Living area
- 2,688 sq ft
- Lot
- 22,651 sq ft
- Year built
- 1964
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114453
- Listed
- Jul 22, 2026
- Days on market
- 75
- Listing agent
- David Dewaelsche · Crownmark Realty Llc
3175949800 · dave@crownmarkrealty.com - Price history
- First asked $365,000 · previously $365,000 cut $15,100
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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.