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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3score
↓ $5,500
$394,500
MLS
Street view13472 Erlen Dr
Fishers IN 46037 · Townhouse · built 2020
3 bd2.5 ba2,100 sqft$188/sqft vs ZIP $175 +7%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · 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.
price cut 1%
The underwriting
The numbers (estimates, illustrative)
$394,500List price
$2,114Rent estimate / mo
0.69Lender DSCR (est.)
$7,260Taxes / yr · county assessor
$175ZIP median $ / sqft
3/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,114 |
| − Mortgage (P&I) | −$2,069 |
| − Taxes | −$605 |
| − Insurance | −$164 |
| − HOA | −$215 |
| = Cash flow before vacancy & repairs | $-939 |
The numbers
- Price
- $394,500
- $ / sq ft
- $188 ZIP median $175
- Rent estimate
- $2,114/mo HUD fair-market rent
- Property taxes
- $7,260/yr 2% cap on assessed value $363,000
- PITIA (assumed)
- $3,053/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $215/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 3/100 price cut 1%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,100 sq ft
- Lot
- 1,742 sq ft
- Year built
- 2020
- Property type
- Townhouse
- HOA
- $215/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22045810
- Listed
- Jul 16, 2026
- Days on market
- 81
- Listing agent
- Jennifer Shopp · Berkshire Hathaway HomeServices Indiana Realty
3174405840 · jenny@shopphomes.com - Price history
- First asked $400,000 · previously $400,000 cut $5,500
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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.