Last confirmed active 17 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
32score
$120,000
MLS
Street view315 Elmead Ct
Greenwood IN 46142 · Condo · built 1968
2 bd1 ba988 sqft$121/sqft vs ZIP $168 −28%
1.04 lender DSCR (est.)
Rent covers the estimated payment 1.04× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,170/mo (HUD fair-market rent) ÷ 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.
28% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$120,000List price
$1,170Rent estimate / mo
1.04Lender DSCR (est.)
$1,440Taxes / yr · assumed 1.2%
$168ZIP median $ / sqft
32/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,170 |
| − Mortgage (P&I) | −$629 |
| − Taxes | −$120 |
| − Insurance | −$50 |
| − HOA | −$325 |
| = Cash flow before vacancy & repairs | $46 |
The numbers
- Price
- $120,000
- $ / sq ft
- $121 ZIP median $168
- Rent estimate
- $1,170/mo HUD fair-market rent
- Property taxes
- $1,440/yr assumed 1.2% of price
- PITIA (assumed)
- $1,124/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $325/mo
- Lender DSCR (est.)
- 1.04 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 32/100 28% under ZIP $/sqft
The property
- Beds / baths
- 2 / 1
- Living area
- 988 sq ft
- Lot
- 871 sq ft
- Year built
- 1968
- Property type
- Condo
- HOA
- $325/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22111684
- Listed
- Jul 2, 2026
- Days on market
- 95
- Listing agent
- Jamie Suchotzky · Red Hot, REALTORS LLC
3175519589 · jamie@redhotrealtors.com - Price history
- First asked $120,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.