1 / 6
34score
↓ $5,000
$284,950
MLS
Street view2120 Elderberry Way
Indianapolis IN 46229 · Single Family · built 2002
4 bd2.5 ba2,760 sqft$103/sqft vs ZIP $139 −26%
0.95 lender DSCR (est.)
Rent covers the estimated payment 0.95× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,010/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.
26% under ZIP $/sqftprice cut 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$284,950List price
$2,010Rent estimate / mo
0.95Lender DSCR (est.)
$5,902Taxes / yr · county assessor
$139ZIP median $ / sqft
34/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,010 |
| − Mortgage (P&I) | −$1,494 |
| − Taxes | −$492 |
| − Insurance | −$119 |
| = Cash flow before vacancy & repairs | $-95 |
The numbers
- Price
- $284,950
- $ / sq ft
- $103 ZIP median $139
- Rent estimate
- $2,010/mo ZIP + bedroom comps
- Property taxes
- $5,902/yr 2% cap on assessed value $295,100
- PITIA (assumed)
- $2,105/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.95 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 34/100 26% under ZIP $/sqft · price cut 2% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,760 sq ft
- Lot
- 8,712 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22108598
- Listed
- Jun 17, 2026
- Days on market
- 120
- Listing agent
- Gregory Monfreda · Excel Real Estate, Llc
3174425813 · gmonfreda@excelrealestate.biz - Price history
- First asked $289,950 · previously $289,950 cut $5,000
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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.