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5score
NewNew Construction
$1,995,000
MLS
Street view1584 Chatham Ridge Ct
Westfield IN 46074 · Single Family · built 2026
5 bd6 ba5,727 sqft$348/sqft vs ZIP $211 +65%
0.20 lender DSCR (est.)
Rent covers the estimated payment 0.20× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,647/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$1,995,000List price
$2,647Rent estimate / mo
0.20Lender DSCR (est.)
$23,940Taxes / yr · assumed 1.2%
$211ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,647 |
| − Mortgage (P&I) | −$10,462 |
| − Taxes | −$1,995 |
| − Insurance | −$831 |
| − HOA | −$163 |
| = Cash flow before vacancy & repairs | $-10,804 |
The numbers
- Price
- $1,995,000
- $ / sq ft
- $348 ZIP median $211
- Rent estimate
- $2,647/mo HUD fair-market rent
- Property taxes
- $23,940/yr assumed 1.2% of price
- PITIA (assumed)
- $13,451/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $163/mo
- Lender DSCR (est.)
- 0.20 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 5 / 6
- Living area
- 5,727 sq ft
- Lot
- 23,087 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $163/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22134236
- Listed
- Oct 30, 2026
- Days on market
- 4
- Listing agent
- Robert Slawson · Bob Slawson Realty
3172817062 · bobslawson@aol.com - Price history
- First asked $1,995,000
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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.