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33score
New
$294,900
MLS
Street view1909 Southernwood Ln
Indianapolis IN 46231 · Single Family · built 2002
3 bd2.5 ba2,500 sqft$118/sqft vs ZIP $156 −24%
0.81 lender DSCR (est.)
Rent covers the estimated payment 0.81× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,790/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.
24% under ZIP $/sqftnew this weekbelow assessed valueregistered rental
The underwriting
The numbers (estimates, illustrative)
$294,900List price
$1,790Rent estimate / mo
0.81Lender DSCR (est.)
$6,242Taxes / yr · county assessor
$156ZIP median $ / sqft
33/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,790 |
| − Mortgage (P&I) | −$1,546 |
| − Taxes | −$520 |
| − Insurance | −$123 |
| − HOA | −$22 |
| = Cash flow before vacancy & repairs | $-422 |
The numbers
- Price
- $294,900
- $ / sq ft
- $118 ZIP median $156
- Rent estimate
- $1,790/mo ZIP + bedroom comps
- Property taxes
- $6,242/yr 2% cap on assessed value $312,100
- PITIA (assumed)
- $2,212/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $22/mo
- Lender DSCR (est.)
- 0.81 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 33/100 24% under ZIP $/sqft · new this week · below assessed value · registered rental
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,500 sq ft
- Lot
- 4,356 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $22/mo
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22129118
- Listed
- Oct 1, 2026
- Days on market
- 2
- Listing agent
- Rochelle Perkins · Garnet Group
7656097316 · rochelle@rochelleknowsindy.com - Price history
- First asked $294,900
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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.