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
27score
↓ $10,000
$240,000
MLS
Street view12673 Ladson St
Fishers IN 46038 · Condo · built 1997
2 bd2.5 ba1,626 sqft$148/sqft vs ZIP $190 −22%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,606/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.
22% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$240,000List price
$1,606Rent estimate / mo
0.80Lender DSCR (est.)
$4,542Taxes / yr · county assessor
$190ZIP median $ / sqft
27/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,606 |
| − Mortgage (P&I) | −$1,259 |
| − Taxes | −$379 |
| − Insurance | −$100 |
| − HOA | −$267 |
| = Cash flow before vacancy & repairs | $-398 |
The numbers
- Price
- $240,000
- $ / sq ft
- $148 ZIP median $190
- Rent estimate
- $1,606/mo HUD fair-market rent
- Property taxes
- $4,542/yr 2% cap on assessed value $227,100
- PITIA (assumed)
- $2,004/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $267/mo
- Lender DSCR (est.)
- 0.80 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 27/100 22% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 2 / 2.5
- Living area
- 1,626 sq ft
- Lot
- 1,742 sq ft
- Year built
- 1997
- Property type
- Condo
- HOA
- $267/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22088268
- Listed
- Mar 10, 2026
- Days on market
- 209
- Listing agent
- Glenn Lewzader · Carpenter Realtors, Broad Ripple
3177306433 · glewzader@callcarpenter.com - Price history
- First asked $250,000 · previously $250,000 cut $10,000
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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.