Last confirmed active 17 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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5score
New Construction
$489,000
MLS
Street view185 Midland Trace Loop
Westfield IN 46074 · Townhouse · built 2025
3 bd3.5 ba2,106 sqft$232/sqft vs ZIP $210 +11%
0.63 lender DSCR (est.)
Rent covers the estimated payment 0.63× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,219/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$489,000List price
$2,219Rent estimate / mo
0.63Lender DSCR (est.)
$5,868Taxes / yr · assumed 1.2%
$210ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,219 |
| − Mortgage (P&I) | −$2,564 |
| − Taxes | −$489 |
| − Insurance | −$204 |
| − HOA | −$270 |
| = Cash flow before vacancy & repairs | $-1,308 |
The numbers
- Price
- $489,000
- $ / sq ft
- $232 ZIP median $210
- Rent estimate
- $2,219/mo HUD fair-market rent
- Property taxes
- $5,868/yr assumed 1.2% of price
- PITIA (assumed)
- $3,527/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $270/mo
- Lender DSCR (est.)
- 0.63 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 3 / 3.5
- Living area
- 2,106 sq ft
- Lot
- 1,307 sq ft
- Year built
- 2025
- Property type
- Townhouse
- HOA
- $270/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22089250
- Listed
- Mar 26, 2026
- Days on market
- 193
- Listing agent
- Stacey Willis · Stacey Willis
3174313154 · stacey@homeswithsteill.com - Price history
- First asked $489,000
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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.