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5score
↓ $995New Construction
$799,000
MLS
Street view16661 Reed Dr
Westfield IN 46074 · Single Family · built 2026
5 bd4.5 ba4,023 sqft$199/sqft vs ZIP $211 −6%
0.49 lender DSCR (est.)
Rent covers the estimated payment 0.49× · 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.
price cut 0%
The underwriting
The numbers (estimates, illustrative)
$799,000List price
$2,647Rent estimate / mo
0.49Lender DSCR (est.)
$9,588Taxes / yr · assumed 1.2%
$211ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,647 |
| − Mortgage (P&I) | −$4,190 |
| − Taxes | −$799 |
| − Insurance | −$333 |
| − HOA | −$86 |
| = Cash flow before vacancy & repairs | $-2,761 |
The numbers
- Price
- $799,000
- $ / sq ft
- $199 ZIP median $211
- Rent estimate
- $2,647/mo HUD fair-market rent
- Property taxes
- $9,588/yr assumed 1.2% of price
- PITIA (assumed)
- $5,408/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $86/mo
- Lender DSCR (est.)
- 0.49 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 price cut 0%
The property
- Beds / baths
- 5 / 4.5
- Living area
- 4,023 sq ft
- Lot
- 21,344 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $86/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22086085
- Listed
- Feb 27, 2026
- Days on market
- 248
- Listing agent
- Erin M. Hundley · Compass of Indiana, LLC
3174300866 · erin.hundley@compass.com - Price history
- First asked $799,995 · previously $799,995 cut $995
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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.