Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
15score
New Construction
$489,900
MLS
Street view3712 E Edgewood Ave
Indianapolis IN 46227 · Single Family · built 2017
6 bd6.5 ba6,938 sqft$71/sqft vs ZIP $156 −55%
0.53 lender DSCR (est.)
Rent covers the estimated payment 0.53× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,743/mo (HUD fair-market rent) ÷ 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.
55% under ZIP $/sqftverify condition
The underwriting
The numbers (estimates, illustrative)
$489,900List price
$1,743Rent estimate / mo
0.53Lender DSCR (est.)
$5,879Taxes / yr · assumed 1.2%
$156ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,743 |
| − Mortgage (P&I) | −$2,569 |
| − Taxes | −$490 |
| − Insurance | −$204 |
| = Cash flow before vacancy & repairs | $-1,520 |
The numbers
- Price
- $489,900
- $ / sq ft
- $71 ZIP median $156
- Rent estimate
- $1,743/mo HUD fair-market rent
- Property taxes
- $5,879/yr assumed 1.2% of price
- PITIA (assumed)
- $3,263/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.53 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 55% under ZIP $/sqft · verify condition
The property
- Beds / baths
- 6 / 6.5
- Living area
- 6,938 sq ft
- Lot
- 133,729 sq ft
- Year built
- 2017
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22086240
- Listed
- Feb 27, 2026
- Days on market
- 218
- Listing agent
- Juan F. Cassella · F.C. Tucker Company - West
3177667867 · juan@cassellarealty.com - Price history
- First asked $489,900
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.