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27score
Short Sale
$165,000
MLS
Street view2016 Glenridge Dr
Indianapolis IN 46218 · Single Family · built 1949
4 bd1 ba1,128 sqft$146/sqft vs ZIP $138 +6%
1.24 lender DSCR (est.)
Rent covers the estimated payment 1.24× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,600/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.
DSCR 1.24below assessed value
The underwriting
The numbers (estimates, illustrative)
$165,000List price
$1,600Rent estimate / mo
1.24Lender DSCR (est.)
$4,286Taxes / yr · county assessor
$138ZIP median $ / sqft
27/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,600 |
| − Mortgage (P&I) | −$865 |
| − Taxes | −$357 |
| − Insurance | −$69 |
| = Cash flow before vacancy & repairs | $309 |
The numbers
- Price
- $165,000
- $ / sq ft
- $146 ZIP median $138
- Rent estimate
- $1,600/mo ZIP + bedroom comps
- Property taxes
- $4,286/yr 2% cap on assessed value $214,300
- PITIA (assumed)
- $1,291/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.24 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 27/100 DSCR 1.24 · below assessed value
The property
- Beds / baths
- 4 / 1
- Living area
- 1,128 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1949
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Short Sale
- MLS #
- 22092991
- Listed
- Apr 2, 2026
- Days on market
- 198
- Listing agent
- Fred Krawczyk · Envoy Real Estate, LLC
3172944425 · fred@indyhouses.net - Price history
- First asked $165,000
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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.