1 / 6
11score
↓ $10,000
$349,000
MLS
Street view401 Sanders St
Indianapolis IN 46225 · Single Family · built 2021
3 bd3 ba2,225 sqft$157/sqft vs ZIP $148 +6%
0.70 lender DSCR (est.)
Rent covers the estimated payment 0.70× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,850/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 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$349,000List price
$1,850Rent estimate / mo
0.70Lender DSCR (est.)
$8,142Taxes / yr · county assessor
$148ZIP median $ / sqft
11/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,830 |
| − Taxes | −$679 |
| − Insurance | −$145 |
| = Cash flow before vacancy & repairs | $-804 |
The numbers
- Price
- $349,000
- $ / sq ft
- $157 ZIP median $148
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $8,142/yr 2% cap on assessed value $407,100
- PITIA (assumed)
- $2,654/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.70 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 11/100 price cut 3% · below assessed value
The property
- Beds / baths
- 3 / 3
- Living area
- 2,225 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2021
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114679
- Listed
- Jul 16, 2026
- Days on market
- 108
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $359,000 · previously $359,000 cut $10,000
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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.