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22score
New
$224,900
MLS
Street view1961 Schwier Dr
Indianapolis IN 46229 · Single Family · built 1962
3 bd2 ba1,407 sqft$160/sqft vs ZIP $139 +15%
1.16 lender DSCR (est.)
Rent covers the estimated payment 1.16× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,750/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$224,900List price
$1,750Rent estimate / mo
1.16Lender DSCR (est.)
$2,830Taxes / yr · county assessor
$139ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,750 |
| − Mortgage (P&I) | −$1,179 |
| − Taxes | −$236 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $241 |
The numbers
- Price
- $224,900
- $ / sq ft
- $160 ZIP median $139
- Rent estimate
- $1,750/mo ZIP + bedroom comps
- Property taxes
- $2,830/yr 2% cap on assessed value $141,500
- PITIA (assumed)
- $1,509/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.16 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,407 sq ft
- Lot
- 10,890 sq ft
- Year built
- 1962
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129932
- Listed
- Oct 6, 2026
- Days on market
- 2
- Listing agent
- Barbara Owens · Owens Realty
3175452388 · bowens@mibor.net - Price history
- First asked $224,900
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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.