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5score
NewNew Construction
$249,900
MLS
Street view2822 N Dearborn St
Indianapolis IN 46218 · Single Family · built 2026
3 bd2.5 ba1,800 sqft$139/sqft vs ZIP $138 +1%
0.78 lender DSCR (est.)
Rent covers the estimated payment 0.78× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,300/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
new this week
The underwriting
The numbers (estimates, illustrative)
$249,900List price
$1,300Rent estimate / mo
0.78Lender DSCR (est.)
$2,999Taxes / yr · assumed 1.2%
$138ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,300 |
| − Mortgage (P&I) | −$1,311 |
| − Taxes | −$250 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $-365 |
The numbers
- Price
- $249,900
- $ / sq ft
- $139 ZIP median $138
- Rent estimate
- $1,300/mo ZIP + bedroom comps
- Property taxes
- $2,999/yr assumed 1.2% of price
- PITIA (assumed)
- $1,665/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.78 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,800 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22130065
- Listed
- Oct 28, 2026
- Days on market
- 4
- Listing agent
- Tanya Day · Elite Realty & Development LLC
3179954719 · tanya@eliterealtyanddevelopment.com - Price history
- First asked $249,900
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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.