1 / 6
38score
↓ $10,000
$240,000
MLS
Street view2853 Wolfgang Way
Indianapolis IN 46239 · Single Family · built 2007
3 bd2.5 ba2,001 sqft$120/sqft vs ZIP $148 −19%
1.04 lender DSCR (est.)
Rent covers the estimated payment 1.04× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,883/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.
19% under ZIP $/sqftprice cut 4%below assessed value
The underwriting
The numbers (estimates, illustrative)
$240,000List price
$1,883Rent estimate / mo
1.04Lender DSCR (est.)
$5,110Taxes / yr · county assessor
$148ZIP median $ / sqft
38/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,883 |
| − Mortgage (P&I) | −$1,259 |
| − Taxes | −$426 |
| − Insurance | −$100 |
| − HOA | −$20 |
| = Cash flow before vacancy & repairs | $79 |
The numbers
- Price
- $240,000
- $ / sq ft
- $120 ZIP median $148
- Rent estimate
- $1,883/mo ZIP + bedroom comps
- Property taxes
- $5,110/yr 2% cap on assessed value $255,500
- PITIA (assumed)
- $1,804/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $20/mo
- Lender DSCR (est.)
- 1.04 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 38/100 19% under ZIP $/sqft · price cut 4% · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,001 sq ft
- Lot
- 5,663 sq ft
- Year built
- 2007
- Property type
- Single Family
- HOA
- $20/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118764
- Listed
- Aug 16, 2026
- Days on market
- 62
- Listing agent
- L. Richard Hogge · Keller Williams Indpls Metro N
3174456473 · klrw393@kw.com - Price history
- First asked $250,000 · previously $250,000 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.