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28score
$350,000
MLS
Street view3243 Tates Way
Indianapolis IN 46268 · Single Family · built 1995
4 bd2.5 ba3,006 sqft$116/sqft vs ZIP $159 −27%
0.92 lender DSCR (est.)
Rent covers the estimated payment 0.92× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,430/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.
27% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$350,000List price
$2,430Rent estimate / mo
0.92Lender DSCR (est.)
$7,578Taxes / yr · county assessor
$159ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,430 |
| − Mortgage (P&I) | −$1,835 |
| − Taxes | −$632 |
| − Insurance | −$146 |
| − HOA | −$25 |
| = Cash flow before vacancy & repairs | $-208 |
The numbers
- Price
- $350,000
- $ / sq ft
- $116 ZIP median $159
- Rent estimate
- $2,430/mo ZIP + bedroom comps
- Property taxes
- $7,578/yr 2% cap on assessed value $378,900
- PITIA (assumed)
- $2,638/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $25/mo
- Lender DSCR (est.)
- 0.92 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 27% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 3,006 sq ft
- Lot
- 9,583 sq ft
- Year built
- 1995
- Property type
- Single Family
- HOA
- $25/mo
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131370
- Listed
- Oct 14, 2026
- Days on market
- 18
- Listing agent
- Renae Warren · New Quantum Realty Group
3177977747 · renaesellshomes317@gmail.com - Price history
- First asked $350,000
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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.