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19score
↓ $8,999
$409,000
MLS
Street view1607 Chestnut Ct
Noblesville IN 46062 · Single Family · built 1973
4 bd2.5 ba2,670 sqft$153/sqft vs ZIP $185 −17%
0.81 lender DSCR (est.)
Rent covers the estimated payment 0.81× · walk-away floor 1.20 · medium 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 from the county assessor. Assumptions as of 2026-09-12.
17% under ZIP $/sqftprice cut 2%
The underwriting
The numbers (estimates, illustrative)
$409,000List price
$2,381Rent estimate / mo
0.81Lender DSCR (est.)
$6,872Taxes / yr · county assessor
$185ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,381 |
| − Mortgage (P&I) | −$2,145 |
| − Taxes | −$573 |
| − Insurance | −$170 |
| − HOA | −$42 |
| = Cash flow before vacancy & repairs | $-549 |
The numbers
- Price
- $409,000
- $ / sq ft
- $153 ZIP median $185
- Rent estimate
- $2,381/mo HUD fair-market rent
- Property taxes
- $6,872/yr 2% cap on assessed value $343,600
- PITIA (assumed)
- $2,930/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $42/mo
- Lender DSCR (est.)
- 0.81 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 17% under ZIP $/sqft · price cut 2%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,670 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1973
- Property type
- Single Family
- HOA
- $42/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123357
- Listed
- Sep 1, 2026
- Days on market
- 34
- Listing agent
- Hollie Holland · F.C. Tucker Company - Noblesville
3177760200 · hollie.holland@talktotucker.com - Price history
- First asked $417,999 · previously $417,999 cut $8,999
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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.