1 / 6
31score
↓ $25,000
$245,000
MLS
Street view3827 Hornickel Dr
Indianapolis IN 46235 · Single Family · built 2003
4 bd2.5 ba1,868 sqft$131/sqft vs ZIP $138 −5%
1.09 lender DSCR (est.)
Rent covers the estimated payment 1.09× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,995/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.
price cut 10%below assessed value
The underwriting
The numbers (estimates, illustrative)
$245,000List price
$1,995Rent estimate / mo
1.09Lender DSCR (est.)
$5,026Taxes / yr · county assessor
$138ZIP median $ / sqft
31/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,995 |
| − Mortgage (P&I) | −$1,285 |
| − Taxes | −$419 |
| − Insurance | −$102 |
| − HOA | −$25 |
| = Cash flow before vacancy & repairs | $164 |
The numbers
- Price
- $245,000
- $ / sq ft
- $131 ZIP median $138
- Rent estimate
- $1,995/mo ZIP + bedroom comps
- Property taxes
- $5,026/yr 2% cap on assessed value $251,300
- PITIA (assumed)
- $1,831/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $25/mo
- Lender DSCR (est.)
- 1.09 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 31/100 price cut 10% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 1,868 sq ft
- Lot
- 6,970 sq ft
- Year built
- 2003
- Property type
- Single Family
- HOA
- $25/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22100385
- Listed
- Jun 18, 2026
- Days on market
- 121
- Listing agent
- Jaspreet Singh · Crossroads Real Estate Group LLC
3472594339 · singhsellsindy@gmail.com - Price history
- First asked $270,000 · previously $270,000 cut $25,000
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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.