1 / 6
26score
↓ $1,000
$243,900
MLS
Street view1501 Butternut Ln
Indianapolis IN 46234 · Single Family · built 1981
4 bd2 ba1,368 sqft$178/sqft vs ZIP $160 +11%
1.29 lender DSCR (est.)
Rent covers the estimated payment 1.29× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,235/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 1.29price cut 0%
The underwriting
The numbers (estimates, illustrative)
$243,900List price
$2,235Rent estimate / mo
1.29Lender DSCR (est.)
$4,230Taxes / yr · county assessor
$160ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,235 |
| − Mortgage (P&I) | −$1,279 |
| − Taxes | −$353 |
| − Insurance | −$102 |
| = Cash flow before vacancy & repairs | $502 |
The numbers
- Price
- $243,900
- $ / sq ft
- $178 ZIP median $160
- Rent estimate
- $2,235/mo ZIP + bedroom comps
- Property taxes
- $4,230/yr 2% cap on assessed value $211,500
- PITIA (assumed)
- $1,733/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.29 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 DSCR 1.29 · price cut 0%
The property
- Beds / baths
- 4 / 2
- Living area
- 1,368 sq ft
- Lot
- 10,019 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 #
- 22098477
- Listed
- Apr 30, 2026
- Days on market
- 170
- Listing agent
- Nina Klemm · F.C. Tucker Company - Carmel
3178467751 · nina@ninaklemm.com - Price history
- First asked $244,900 · previously $244,900 cut $1,000
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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.