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
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2score
New Construction
$554,885
MLS
Street view1589 Grand Lake Cir
Greenwood IN 46143 · Single Family · built 2026
5 bd4.5 ba3,542 sqft$157/sqft vs ZIP $161 −3%
0.64 lender DSCR (est.)
Rent covers the estimated payment 0.64× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,381/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)
$554,885List price
$2,381Rent estimate / mo
0.64Lender DSCR (est.)
$6,659Taxes / yr · assumed 1.2%
$161ZIP median $ / sqft
2/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,381 |
| − Mortgage (P&I) | −$2,910 |
| − Taxes | −$555 |
| − Insurance | −$231 |
| − HOA | −$52 |
| = Cash flow before vacancy & repairs | $-1,367 |
The numbers
- Price
- $554,885
- $ / sq ft
- $157 ZIP median $161
- Rent estimate
- $2,381/mo HUD fair-market rent
- Property taxes
- $6,659/yr assumed 1.2% of price
- PITIA (assumed)
- $3,748/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $52/mo
- Lender DSCR (est.)
- 0.64 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 2/100
The property
- Beds / baths
- 5 / 4.5
- Living area
- 3,542 sq ft
- Lot
- 22,651 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $52/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- New Construction
- MLS #
- 22117179
- Listed
- Jul 31, 2026
- Days on market
- 66
- Listing agent
- Erin M. Hundley · Compass of Indiana, LLC
3174300866 · erin.hundley@compass.com - Price history
- First asked $554,885
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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.