1 / 6
30score
↓ $20,000
$295,000
MLS
Street view2215 Ring Necked Dr
Indianapolis IN 46234 · Single Family · built 1997
4 bd2.5 ba2,020 sqft$146/sqft vs ZIP $160 −9%
1.02 lender DSCR (est.)
Rent covers the estimated payment 1.02× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,235/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.
8% under ZIP $/sqftprice cut 7%below assessed value
The underwriting
The numbers (estimates, illustrative)
$295,000List price
$2,235Rent estimate / mo
1.02Lender DSCR (est.)
$5,960Taxes / yr · county assessor
$160ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,235 |
| − Mortgage (P&I) | −$1,547 |
| − Taxes | −$497 |
| − Insurance | −$123 |
| − HOA | −$19 |
| = Cash flow before vacancy & repairs | $49 |
The numbers
- Price
- $295,000
- $ / sq ft
- $146 ZIP median $160
- Rent estimate
- $2,235/mo ZIP + bedroom comps
- Property taxes
- $5,960/yr 2% cap on assessed value $298,000
- PITIA (assumed)
- $2,186/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $19/mo
- Lender DSCR (est.)
- 1.02 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 8% under ZIP $/sqft · price cut 7% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,020 sq ft
- Lot
- 8,276 sq ft
- Year built
- 1997
- Property type
- Single Family
- HOA
- $19/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22113461
- Listed
- Jul 16, 2026
- Days on market
- 93
- Listing agent
- Landon Buesching · 1 Percent Lists Indiana Real Estate
2605736316 · landon.buesching@exprealty.com - Price history
- First asked $315,000 · previously $315,000 cut $20,000
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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.