1 / 6
14score
$218,000
MLS
Street view3162 Ashway Dr
Indianapolis IN 46224 · Single Family · built 1964
3 bd2 ba1,359 sqft$160/sqft vs ZIP $162 −1%
1.10 lender DSCR (est.)
Rent covers the estimated payment 1.10× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,685/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.
The underwriting
The numbers (estimates, illustrative)
$218,000List price
$1,685Rent estimate / mo
1.10Lender DSCR (est.)
$3,528Taxes / yr · county assessor
$162ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,685 |
| − Mortgage (P&I) | −$1,143 |
| − Taxes | −$294 |
| − Insurance | −$91 |
| = Cash flow before vacancy & repairs | $157 |
The numbers
- Price
- $218,000
- $ / sq ft
- $160 ZIP median $162
- Rent estimate
- $1,685/mo ZIP + bedroom comps
- Property taxes
- $3,528/yr 2% cap on assessed value $176,400
- PITIA (assumed)
- $1,528/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100
The property
- Beds / baths
- 3 / 2
- Living area
- 1,359 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1964
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127864
- Listed
- Sep 23, 2026
- Days on market
- 9
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $218,000
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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.