Last confirmed active 18 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
10score
↓ $10,400
$439,500
MLS
Street view2323 E 57th St
Indianapolis IN 46220 · Single Family · built 2021
3 bd2.5 ba2,045 sqft$215/sqft vs ZIP $208 +3%
0.55 lender DSCR (est.)
Rent covers the estimated payment 0.55× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,795/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 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$439,500List price
$1,795Rent estimate / mo
0.55Lender DSCR (est.)
$9,050Taxes / yr · county assessor
$208ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$2,305 |
| − Taxes | −$754 |
| − Insurance | −$183 |
| = Cash flow before vacancy & repairs | $-1,447 |
The numbers
- Price
- $439,500
- $ / sq ft
- $215 ZIP median $208
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $9,050/yr 2% cap on assessed value $452,500
- PITIA (assumed)
- $3,242/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.55 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 price cut 2% · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,045 sq ft
- Lot
- 6,970 sq ft
- Year built
- 2021
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123388
- Listed
- Sep 1, 2026
- Days on market
- 32
- Listing agent
- Richard Howenstine · Right House Realty, LLC
3175081194 · rickh@righthouserealtyllc.com - Price history
- First asked $449,900 · previously $449,900 cut $10,400
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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.