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24score
New
$439,000
MLS
Street view1840 Sandhill Rd
Indianapolis IN 46217 · Single Family · built 1975
3 bd2 ba3,549 sqft$124/sqft vs ZIP $161 −23%
0.56 lender DSCR (est.)
Rent covers the estimated payment 0.56× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,802/mo (ZIP + bedroom comps) ÷ 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.
23% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$439,000List price
$1,802Rent estimate / mo
0.56Lender DSCR (est.)
$8,614Taxes / yr · county assessor
$161ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,802 |
| − Mortgage (P&I) | −$2,302 |
| − Taxes | −$718 |
| − Insurance | −$183 |
| − HOA | −$8 |
| = Cash flow before vacancy & repairs | $-1,409 |
The numbers
- Price
- $439,000
- $ / sq ft
- $124 ZIP median $161
- Rent estimate
- $1,802/mo ZIP + bedroom comps
- Property taxes
- $8,614/yr 2% cap on assessed value $430,700
- PITIA (assumed)
- $3,211/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $8/mo
- Lender DSCR (est.)
- 0.56 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 23% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 3,549 sq ft
- Lot
- 17,860 sq ft
- Year built
- 1975
- Property type
- Single Family
- HOA
- $8/mo
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133878
- Listed
- Oct 29, 2026
- Days on market
- 4
- Listing agent
- Carmen Sharp · CENTURY 21 Scheetz
3178145500 · csharp@c21scheetz.com - Price history
- First asked $439,000
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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.