Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
6score
↓ $10,000
$309,900
MLS
Street view2202 Fairhope Dr
Indianapolis IN 46227 · Single Family · built 1959
3 bd2.5 ba1,874 sqft$165/sqft vs ZIP $156 +6%
0.83 lender DSCR (est.)
Rent covers the estimated payment 0.83× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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.
price cut 3%
The underwriting
The numbers (estimates, illustrative)
$309,900List price
$1,850Rent estimate / mo
0.83Lender DSCR (est.)
$5,786Taxes / yr · county assessor
$156ZIP median $ / sqft
6/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,625 |
| − Taxes | −$482 |
| − Insurance | −$129 |
| = Cash flow before vacancy & repairs | $-386 |
The numbers
- Price
- $309,900
- $ / sq ft
- $165 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $5,786/yr 2% cap on assessed value $289,300
- PITIA (assumed)
- $2,236/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.83 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 6/100 price cut 3%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,874 sq ft
- Lot
- 40,075 sq ft
- Year built
- 1959
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22099970
- Listed
- May 7, 2026
- Days on market
- 149
- Listing agent
- Gregory Keyler · Hive Realty Group
3172859259 · hiverealtygroup@gmail.com - Price history
- First asked $319,900 · previously $319,900 cut $10,000
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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.