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18score
New
$289,900
MLS
Street view3214 Hemlock Way
Indianapolis IN 46203 · Single Family · built 2002
3 bd2.5 ba2,049 sqft$141/sqft vs ZIP $168 −16%
0.70 lender DSCR (est.)
Rent covers the estimated payment 0.70× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,513/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.
16% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$289,900List price
$1,513Rent estimate / mo
0.70Lender DSCR (est.)
$5,494Taxes / yr · county assessor
$168ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,513 |
| − Mortgage (P&I) | −$1,520 |
| − Taxes | −$458 |
| − Insurance | −$121 |
| − HOA | −$48 |
| = Cash flow before vacancy & repairs | $-634 |
The numbers
- Price
- $289,900
- $ / sq ft
- $141 ZIP median $168
- Rent estimate
- $1,513/mo ZIP + bedroom comps
- Property taxes
- $5,494/yr 2% cap on assessed value $274,700
- PITIA (assumed)
- $2,147/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $48/mo
- Lender DSCR (est.)
- 0.70 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 16% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,049 sq ft
- Lot
- 10,454 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $48/mo
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133399
- Listed
- Oct 28, 2026
- Days on market
- 4
- Listing agent
- Amber Vermeulen · Ever Real Estate, LLC
3176405657 · amber.vermeulen@everrealestate.com - Price history
- First asked $289,900
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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.