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0score
$234,500
MLS
Street view1816 Randall Ct
Indianapolis IN 46240 · Single Family · built 1953
2 bd1 ba1,084 sqft$216/sqft vs ZIP $194 +12%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,438/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)
$234,500List price
$1,438Rent estimate / mo
0.84Lender DSCR (est.)
$4,524Taxes / yr · county assessor
$194ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,438 |
| − Mortgage (P&I) | −$1,230 |
| − Taxes | −$377 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $-266 |
The numbers
- Price
- $234,500
- $ / sq ft
- $216 ZIP median $194
- Rent estimate
- $1,438/mo HUD fair-market rent
- Property taxes
- $4,524/yr 2% cap on assessed value $226,200
- PITIA (assumed)
- $1,704/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 1,084 sq ft
- Lot
- 10,454 sq ft
- Year built
- 1953
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- 100
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116138
- Listed
- Aug 3, 2026
- Days on market
- 89
- Listing agent
- Jonathan Steinbach · F.C. Tucker Company - Keystone at the Crossing
3172596000 · jonathanwilliamhomes@gmail.com - Price history
- First asked $234,500 · previously $209,900
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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.