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19score
$219,900
MLS
Street view2208 Friendship Dr
Indianapolis IN 46217 · Single Family · built 1990
3 bd2 ba1,232 sqft$178/sqft vs ZIP $164 +9%
1.15 lender DSCR (est.)
Rent covers the estimated payment 1.15× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
registered rental
The underwriting
The numbers (estimates, illustrative)
$219,900List price
$1,820Rent estimate / mo
1.15Lender DSCR (est.)
$4,000Taxes / yr · county assessor
$164ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$1,153 |
| − Taxes | −$333 |
| − Insurance | −$92 |
| = Cash flow before vacancy & repairs | $242 |
The numbers
- Price
- $219,900
- $ / sq ft
- $178 ZIP median $164
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $4,000/yr 2% cap on assessed value $200,000
- PITIA (assumed)
- $1,578/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.15 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 registered rental
The property
- Beds / baths
- 3 / 2
- Living area
- 1,232 sq ft
- Lot
- 10,019 sq ft
- Year built
- 1990
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22117032
- Listed
- Jul 31, 2026
- Days on market
- 78
- Listing agent
- Joshua Bangert · Hidalgo Group, LLC
3175238452 · joshuabangert@gmail.com - Price history
- First asked $219,900
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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.