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13score
$274,900
MLS
Street view2342 Calaveras Way
Indianapolis IN 46240 · Single Family · built 1987
2 bd2.5 ba1,584 sqft$174/sqft vs ZIP $205 −15%
0.60 lender DSCR (est.)
Rent covers the estimated payment 0.60× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,480/mo (HUD fair-market rent) ÷ 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.
15% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$274,900List price
$1,480Rent estimate / mo
0.60Lender DSCR (est.)
$4,938Taxes / yr · county assessor
$205ZIP median $ / sqft
13/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,480 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$412 |
| − Insurance | −$115 |
| − HOA | −$500 |
| = Cash flow before vacancy & repairs | $-988 |
The numbers
- Price
- $274,900
- $ / sq ft
- $174 ZIP median $205
- Rent estimate
- $1,480/mo HUD fair-market rent
- Property taxes
- $4,938/yr 2% cap on assessed value $246,900
- PITIA (assumed)
- $2,468/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $500/mo
- Lender DSCR (est.)
- 0.60 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 13/100 15% under ZIP $/sqft
The property
- Beds / baths
- 2 / 2.5
- Living area
- 1,584 sq ft
- Lot
- 1,307 sq ft
- Year built
- 1987
- Property type
- Single Family
- HOA
- $500/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125641
- Listed
- Sep 11, 2026
- Days on market
- 21
- Listing agent
- Jill Curtis · F.C. Tucker Company - Fishers/Geist
3178418880 · jcurtis@talktotucker.com - Price history
- First asked $274,900
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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.