1 / 6
15score
↓ $5,000
$274,900
MLS
Street view3501 Summerfield Dr
Indianapolis IN 46214 · Single Family · built 1979
4 bd2 ba2,226 sqft$123/sqft vs ZIP $138 −11%
0.94 lender DSCR (est.)
Rent covers the estimated payment 0.94× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,832/mo (HUD fair-market rent) ÷ 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.
11% under ZIP $/sqftprice cut 2%
The underwriting
The numbers (estimates, illustrative)
$274,900List price
$1,832Rent estimate / mo
0.94Lender DSCR (est.)
$4,816Taxes / yr · county assessor
$138ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,832 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$401 |
| − Insurance | −$115 |
| = Cash flow before vacancy & repairs | $-125 |
The numbers
- Price
- $274,900
- $ / sq ft
- $123 ZIP median $138
- Rent estimate
- $1,832/mo HUD fair-market rent
- Property taxes
- $4,816/yr 2% cap on assessed value $240,800
- PITIA (assumed)
- $1,957/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.94 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 11% under ZIP $/sqft · price cut 2%
The property
- Beds / baths
- 4 / 2
- Living area
- 2,226 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1979
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22108432
- Listed
- Jun 23, 2026
- Days on market
- 116
- Listing agent
- Robert E Salmons · Entera Realty
7132489869 · rsalmons@greenletco.com - Price history
- First asked $279,900 · previously $279,900 cut $5,000
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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.