1 / 6
31score
↓ $10,000
$220,000
MLS
Street view3230 Redwood Dr
Indianapolis IN 46227 · Single Family · built 1965
3 bd1 ba984 sqft$224/sqft vs ZIP $156 +43%
1.24 lender DSCR (est.)
Rent covers the estimated payment 1.24× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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.
DSCR 1.24price cut 5%
The underwriting
The numbers (estimates, illustrative)
$220,000List price
$1,850Rent estimate / mo
1.24Lender DSCR (est.)
$3,030Taxes / yr · county assessor
$156ZIP median $ / sqft
31/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,154 |
| − Taxes | −$253 |
| − Insurance | −$92 |
| = Cash flow before vacancy & repairs | $352 |
The numbers
- Price
- $220,000
- $ / sq ft
- $224 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $3,030/yr 2% cap on assessed value $151,500
- PITIA (assumed)
- $1,498/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.24 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 31/100 DSCR 1.24 · price cut 5%
The property
- Beds / baths
- 3 / 1
- Living area
- 984 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121824
- Listed
- Aug 22, 2026
- Days on market
- 56
- Listing agent
- Jeneene West · F.C. Tucker Company - Mooresville
3178564719 · gregg@jeneenewest.com - Price history
- First asked $230,000 · previously $230,000 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.