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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17score
↓ $14,000
$385,000
MLS
Street view1503 Sandi Dr
Indianapolis IN 46260 · Single Family · built 1976
4 bd2.5 ba2,374 sqft$162/sqft vs ZIP $172 −6%
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. $1,985/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 4%below assessed value
The underwriting
The numbers (estimates, illustrative)
$385,000List price
$1,985Rent estimate / mo
0.69Lender DSCR (est.)
$8,372Taxes / yr · county assessor
$172ZIP median $ / sqft
17/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,985 |
| − Mortgage (P&I) | −$2,019 |
| − Taxes | −$698 |
| − Insurance | −$160 |
| = Cash flow before vacancy & repairs | $-892 |
The numbers
- Price
- $385,000
- $ / sq ft
- $162 ZIP median $172
- Rent estimate
- $1,985/mo HUD fair-market rent
- Property taxes
- $8,372/yr 2% cap on assessed value $418,600
- PITIA (assumed)
- $2,877/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 17/100 price cut 4% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,374 sq ft
- Lot
- 13,939 sq ft
- Year built
- 1976
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22112917
- Listed
- Jul 17, 2026
- Days on market
- 78
- Listing agent
- Travis Barnes · F.C. Tucker Company - Carmel
3175507121 · travis.barnes@talktotucker.com - Price history
- First asked $399,000 · previously $399,000 cut $14,000
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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.