Last confirmed active 17 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
Street view of 15497 Sandlands Cir
1 / 6
14score
↓ $15,000
$300,000
MLS Street view
Search photos

15497 Sandlands Cir

Noblesville IN 46060 · Single Family · built 2008
3 bd2.5 ba1,710 sqft$175/sqft vs ZIP $184 −5%
0.79 lender DSCR (est.)
Rent covers the estimated payment 0.79× · walk-away floor 1.20 · medium confidence
How we compute this

Rent est. $1,735/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 5%
The underwriting

The numbers (estimates, illustrative)

$300,000List price
$1,735Rent estimate / mo
0.79Lender DSCR (est.)
$5,614Taxes / yr · county assessor
$184ZIP median $ / sqft
14/100Deal Score

Monthly picture (illustrative)

Rent est.$1,735
− Mortgage (P&I)−$1,573
− Taxes−$468
− Insurance−$125
− HOA−$30
= Cash flow before vacancy & repairs$-461

The numbers

Price
$300,000
$ / sq ft
$175 ZIP median $184
Rent estimate
$1,735/mo HUD fair-market rent
Property taxes
$5,614/yr 2% cap on assessed value $280,700
PITIA (assumed)
$2,196/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $30/mo
Lender DSCR (est.)
0.79 rent ÷ PITIA · lender floor 1.20
Deal Score
14/100 price cut 5%

The property

Beds / baths
3 / 2.5
Living area
1,710 sq ft
Lot
4,792 sq ft
Year built
2008
Property type
Single Family
HOA
$30/mo
Flood zone
X
Registered rental
No

The listing

Source
Standard
MLS #
22116537
Listed
Jul 27, 2026
Days on market
70
Listing agent
Shannon Gilbert · Keller Williams Indpls Metro N
7655326503 · shannongilbertrealtor@gmail.com
Price history
First asked $315,000 · previously $315,000 cut $15,000
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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.

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