1 / 6
0score
$849,900
MLS
Street view16710 Alex Dr
Noblesville IN 46060 · Single Family · built 2023
5 bd4.5 ba4,208 sqft$202/sqft vs ZIP $183 +10%
0.34 lender DSCR (est.)
Rent covers the estimated payment 0.34× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,070/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.
The underwriting
The numbers (estimates, illustrative)
$849,900List price
$2,070Rent estimate / mo
0.34Lender DSCR (est.)
$14,084Taxes / yr · county assessor
$183ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,070 |
| − Mortgage (P&I) | −$4,457 |
| − Taxes | −$1,174 |
| − Insurance | −$354 |
| − HOA | −$83 |
| = Cash flow before vacancy & repairs | $-3,998 |
The numbers
- Price
- $849,900
- $ / sq ft
- $202 ZIP median $183
- Rent estimate
- $2,070/mo HUD fair-market rent
- Property taxes
- $14,084/yr 2% cap on assessed value $704,200
- PITIA (assumed)
- $6,068/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $83/mo
- Lender DSCR (est.)
- 0.34 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 5 / 4.5
- Living area
- 4,208 sq ft
- Lot
- 11,761 sq ft
- Year built
- 2023
- Property type
- Single Family
- HOA
- $83/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127016
- Listed
- Oct 14, 2026
- Days on market
- 19
- Listing agent
- Shannon Alva · Carpenter, Realtors, Noblesville
3178506567 · shannonalva@callcarpenter.com - Price history
- First asked $849,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.