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24score
$575,000
MLS
Street view1829 Cunningham Rd
Indianapolis IN 46224 · Single Family · built 1927
8 bd6.5 ba5,027 sqft$114/sqft vs ZIP $162 −29%
0.46 lender DSCR (est.)
Rent covers the estimated payment 0.46× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,886/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.
29% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$575,000List price
$1,886Rent estimate / mo
0.46Lender DSCR (est.)
$10,634Taxes / yr · county assessor
$162ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,886 |
| − Mortgage (P&I) | −$3,015 |
| − Taxes | −$886 |
| − Insurance | −$240 |
| = Cash flow before vacancy & repairs | $-2,255 |
The numbers
- Price
- $575,000
- $ / sq ft
- $114 ZIP median $162
- Rent estimate
- $1,886/mo HUD fair-market rent
- Property taxes
- $10,634/yr 2% cap on assessed value $531,700
- PITIA (assumed)
- $4,141/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.46 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 29% under ZIP $/sqft
The property
- Beds / baths
- 8 / 6.5
- Living area
- 5,027 sq ft
- Lot
- 54,014 sq ft
- Year built
- 1927
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125757
- Listed
- Sep 12, 2026
- Days on market
- 19
- Listing agent
- Lisa Phillips · Compass of Indiana, LLC
3172199277 · lisa.phillips@compass.com - Price history
- First asked $575,000
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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.