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51score
New
$149,900
MLS
Street view362 W Fall Creek Parkway North Dr
Indianapolis IN 46208 · Single Family · built 1955
3 bd1 ba1,380 sqft$109/sqft vs ZIP $131 −17%
1.40 lender DSCR (est.)
Rent covers the estimated payment 1.40× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,399/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
DSCR 1.4017% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$149,900List price
$1,399Rent estimate / mo
1.40Lender DSCR (est.)
$1,799Taxes / yr · assumed 1.2%
$131ZIP median $ / sqft
51/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,399 |
| − Mortgage (P&I) | −$786 |
| − Taxes | −$150 |
| − Insurance | −$62 |
| = Cash flow before vacancy & repairs | $401 |
The numbers
- Price
- $149,900
- $ / sq ft
- $109 ZIP median $131
- Rent estimate
- $1,399/mo ZIP + bedroom comps
- Property taxes
- $1,799/yr assumed 1.2% of price
- PITIA (assumed)
- $998/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.40 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 51/100 DSCR 1.40 · 17% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 1
- Living area
- 1,380 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129041
- Listed
- Oct 4, 2026
- Days on market
- 3
- Listing agent
- Shaquenta Purdie · Carpenter Realtors, Carmel
3175252300 · carmel@callcarpenter.com - Price history
- First asked $149,900
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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.