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
12score
↓ $10,000
$319,900
MLS
Street view2512 Drewmatt Ln
Indianapolis IN 46234 · Single Family · built 2002
3 bd2.5 ba2,160 sqft$148/sqft vs ZIP $160 −7%
0.88 lender DSCR (est.)
Rent covers the estimated payment 0.88× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,029/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 3%
The underwriting
The numbers (estimates, illustrative)
$319,900List price
$2,029Rent estimate / mo
0.88Lender DSCR (est.)
$5,670Taxes / yr · county assessor
$160ZIP median $ / sqft
12/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,029 |
| − Mortgage (P&I) | −$1,678 |
| − Taxes | −$473 |
| − Insurance | −$133 |
| − HOA | −$14 |
| = Cash flow before vacancy & repairs | $-268 |
The numbers
- Price
- $319,900
- $ / sq ft
- $148 ZIP median $160
- Rent estimate
- $2,029/mo ZIP + bedroom comps
- Property taxes
- $5,670/yr 2% cap on assessed value $283,500
- PITIA (assumed)
- $2,297/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $14/mo
- Lender DSCR (est.)
- 0.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 12/100 price cut 3%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,160 sq ft
- Lot
- 8,276 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $14/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116150
- Listed
- Jul 31, 2026
- Days on market
- 64
- Listing agent
- Amber Russell · Keller Williams Indy Metro Ne
3172468066 · amber@amberrussell.com - Price history
- First asked $329,900 · previously $329,900 cut $10,000
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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.