1 / 6
0score
$284,900
MLS
Street view1531 Lake Point Ln N
Greenwood IN 46142 · Single Family · built 1992
2 bd2 ba1,264 sqft$225/sqft vs ZIP $168 +34%
0.60 lender DSCR (est.)
Rent covers the estimated payment 0.60× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,146/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
The underwriting
The numbers (estimates, illustrative)
$284,900List price
$1,146Rent estimate / mo
0.60Lender DSCR (est.)
$3,419Taxes / yr · assumed 1.2%
$168ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,146 |
| − Mortgage (P&I) | −$1,494 |
| − Taxes | −$285 |
| − Insurance | −$119 |
| − HOA | −$17 |
| = Cash flow before vacancy & repairs | $-769 |
The numbers
- Price
- $284,900
- $ / sq ft
- $225 ZIP median $168
- Rent estimate
- $1,146/mo HUD fair-market rent
- Property taxes
- $3,419/yr assumed 1.2% of price
- PITIA (assumed)
- $1,915/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $17/mo
- Lender DSCR (est.)
- 0.60 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 2
- Living area
- 1,264 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1992
- Property type
- Single Family
- HOA
- $17/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22129967
- Listed
- Oct 6, 2026
- Days on market
- 28
- Listing agent
- Debbie Cottingham · Cottingham Realty
3175352938 · connect@cottinghamrealty.com - Price history
- First asked $284,900
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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.