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5score
New
$499,900
MLS
Street view20856 Waterscape Way
Noblesville IN 46062 · Condo · built 1993
3 bd2 ba1,557 sqft$321/sqft vs ZIP $180 +78%
0.51 lender DSCR (est.)
Rent covers the estimated payment 0.51× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,912/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$499,900List price
$1,912Rent estimate / mo
0.51Lender DSCR (est.)
$5,999Taxes / yr · assumed 1.2%
$180ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,912 |
| − Mortgage (P&I) | −$2,622 |
| − Taxes | −$500 |
| − Insurance | −$208 |
| − HOA | −$415 |
| = Cash flow before vacancy & repairs | $-1,833 |
The numbers
- Price
- $499,900
- $ / sq ft
- $321 ZIP median $180
- Rent estimate
- $1,912/mo HUD fair-market rent
- Property taxes
- $5,999/yr assumed 1.2% of price
- PITIA (assumed)
- $3,745/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $415/mo
- Lender DSCR (est.)
- 0.51 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,557 sq ft
- Lot
- —
- Year built
- 1993
- Property type
- Condo
- HOA
- $415/mo
- Flood zone
- X
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22134097
- Listed
- Oct 30, 2026
- Days on market
- 4
- Listing agent
- Andy Sheets · Compass of Indiana, LLC
3173733434 · andy@soldbysheets.com - Price history
- First asked $499,900
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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.