1 / 6
18score
$385,000
MLS
Street view3530 W Waterloo Dr
Indianapolis IN 46268 · Single Family · built 2000
4 bd2.5 ba3,080 sqft$125/sqft vs ZIP $159 −21%
0.85 lender DSCR (est.)
Rent covers the estimated payment 0.85× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,368/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.
22% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$385,000List price
$2,368Rent estimate / mo
0.85Lender DSCR (est.)
$6,692Taxes / yr · county assessor
$159ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,368 |
| − Mortgage (P&I) | −$2,019 |
| − Taxes | −$558 |
| − Insurance | −$160 |
| − HOA | −$33 |
| = Cash flow before vacancy & repairs | $-402 |
The numbers
- Price
- $385,000
- $ / sq ft
- $125 ZIP median $159
- Rent estimate
- $2,368/mo ZIP + bedroom comps
- Property taxes
- $6,692/yr 2% cap on assessed value $334,600
- PITIA (assumed)
- $2,770/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $33/mo
- Lender DSCR (est.)
- 0.85 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 22% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2.5
- Living area
- 3,080 sq ft
- Lot
- 11,326 sq ft
- Year built
- 2000
- Property type
- Single Family
- HOA
- $33/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125210
- Listed
- Sep 16, 2026
- Days on market
- 17
- Listing agent
- Loretta Jones · Fathom Realty
3178467751 · loretta@cookrealtyteam.com - Price history
- First asked $385,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.