1 / 6
26score
↓ $5,000
$229,900
MLS
Street view1401 Butternut Ln
Indianapolis IN 46234 · Single Family · built 1981
3 bd1.5 ba1,368 sqft$168/sqft vs ZIP $160 +5%
1.24 lender DSCR (est.)
Rent covers the estimated payment 1.24× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,029/mo (ZIP + bedroom comps) ÷ 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.
DSCR 1.24price cut 2%
The underwriting
The numbers (estimates, illustrative)
$229,900List price
$2,029Rent estimate / mo
1.24Lender DSCR (est.)
$4,040Taxes / yr · county assessor
$160ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,029 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$337 |
| − Insurance | −$96 |
| = Cash flow before vacancy & repairs | $391 |
The numbers
- Price
- $229,900
- $ / sq ft
- $168 ZIP median $160
- Rent estimate
- $2,029/mo ZIP + bedroom comps
- Property taxes
- $4,040/yr 2% cap on assessed value $202,000
- PITIA (assumed)
- $1,638/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.24 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 DSCR 1.24 · price cut 2%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,368 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1981
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114706
- Listed
- Jul 17, 2026
- Days on market
- 92
- Listing agent
- Robert E Salmons · Entera Realty
7132489869 · rsalmons@greenletco.com - Price history
- First asked $234,900 · previously $234,900 cut $5,000
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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.