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5score
$320,000
MLS
Street view12854 Sovereign Ln
Fishers IN 46038 · Single Family · built 1996
3 bd2.5 ba1,694 sqft$189/sqft vs ZIP $190 −1%
0.98 lender DSCR (est.)
Rent covers the estimated payment 0.98× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,098/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.
The underwriting
The numbers (estimates, illustrative)
$320,000List price
$2,098Rent estimate / mo
0.98Lender DSCR (est.)
$3,840Taxes / yr · assumed 1.2%
$190ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,098 |
| − Mortgage (P&I) | −$1,678 |
| − Taxes | −$320 |
| − Insurance | −$133 |
| − HOA | −$18 |
| = Cash flow before vacancy & repairs | $-51 |
The numbers
- Price
- $320,000
- $ / sq ft
- $189 ZIP median $190
- Rent estimate
- $2,098/mo HUD fair-market rent
- Property taxes
- $3,840/yr assumed 1.2% of price
- PITIA (assumed)
- $2,149/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $18/mo
- Lender DSCR (est.)
- 0.98 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,694 sq ft
- Lot
- 12,197 sq ft
- Year built
- 1996
- Property type
- Single Family
- HOA
- $18/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22124563
- Listed
- Sep 17, 2026
- Days on market
- 18
- Listing agent
- Andy Stephenson · @properties
3176069214 · andystephenson@atpropertiesind.com - Price history
- First asked $320,000
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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.