1 / 2
39score
Freddie Mac
$189,900
Freddie Mac
Listing photo2319 E Loretta Dr
Indianapolis IN 46227 · Single Family
4 bd4 ba1,488 sqft$128/sqft vs ZIP $156 −18%
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,700/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.
18% under ZIP $/sqftgovernment REObelow assessed value
The underwriting
The numbers (estimates, illustrative)
$189,900List price
$1,700Rent estimate / mo
1.11Lender DSCR (est.)
$5,462Taxes / yr · county assessor
$156ZIP median $ / sqft
39/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,700 |
| − Mortgage (P&I) | −$996 |
| − Taxes | −$455 |
| − Insurance | −$79 |
| = Cash flow before vacancy & repairs | $170 |
The numbers
- Price
- $189,900
- $ / sq ft
- $128 ZIP median $156
- Rent estimate
- $1,700/mo ZIP + bedroom comps
- Property taxes
- $5,462/yr 2% cap on assessed value $273,100
- PITIA (assumed)
- $1,530/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 39/100 18% under ZIP $/sqft · government REO · below assessed value
The property
- Beds / baths
- 4 / 4
- Living area
- 1,488 sq ft
- Lot
- 0.414 acres
- Year built
- —
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Freddie Mac HomeSteps
- MLS #
- —
- Listed
- —
- Days on market
- —
- Listing agent
- Freddie Mac (REO)
- Price history
- No changes recorded
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.