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
10score
↓ $25,100
$399,900
MLS
Street view1408 W Edgewood Ave
Indianapolis IN 46217 · Single Family · built 1955
3 bd1 ba1,134 sqft$353/sqft vs ZIP $164 +115%
0.67 lender DSCR (est.)
Rent covers the estimated payment 0.67× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
price cut 6%
The underwriting
The numbers (estimates, illustrative)
$399,900List price
$1,820Rent estimate / mo
0.67Lender DSCR (est.)
$5,666Taxes / yr · county assessor
$164ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$2,097 |
| − Taxes | −$472 |
| − Insurance | −$167 |
| = Cash flow before vacancy & repairs | $-916 |
The numbers
- Price
- $399,900
- $ / sq ft
- $353 ZIP median $164
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $5,666/yr 2% cap on assessed value $283,300
- PITIA (assumed)
- $2,736/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.67 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 price cut 6%
The property
- Beds / baths
- 3 / 1
- Living area
- 1,134 sq ft
- Lot
- 100,188 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122390
- Listed
- Aug 28, 2026
- Days on market
- 34
- Listing agent
- Joe Buttler · Indy Crossroads Realty Group
3176945213 · joebuttlerrealtor@gmail.com - Price history
- First asked $425,000 · previously $425,000 cut $25,100
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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.