1 / 6
26score
↓ $12,000
$281,900
MLS
Street view3164 Hemlock Way
Indianapolis IN 46203 · Single Family · built 2002
3 bd2.5 ba2,120 sqft$133/sqft vs ZIP $168 −21%
0.72 lender DSCR (est.)
Rent covers the estimated payment 0.72× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,500/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.
21% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$281,900List price
$1,500Rent estimate / mo
0.72Lender DSCR (est.)
$5,316Taxes / yr · county assessor
$168ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,478 |
| − Taxes | −$443 |
| − Insurance | −$117 |
| − HOA | −$43 |
| = Cash flow before vacancy & repairs | $-582 |
The numbers
- Price
- $281,900
- $ / sq ft
- $133 ZIP median $168
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $5,316/yr 2% cap on assessed value $265,800
- PITIA (assumed)
- $2,082/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $43/mo
- Lender DSCR (est.)
- 0.72 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 21% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,120 sq ft
- Lot
- 10,454 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $43/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121571
- Listed
- Aug 25, 2026
- Days on market
- 53
- Listing agent
- Todd Garrison · CENTURY 21 Scheetz
3178695749 · tgarrison@c21scheetz.com - Price history
- First asked $293,900 · previously $291,900 cut $12,000
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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.