1 / 6
25score
↓ $10,000
$248,900
MLS
Street view4029 Ridgeway Dr
Indianapolis IN 46221 · Single Family · built 1958
3 bd1.5 ba1,944 sqft$128/sqft vs ZIP $147 −13%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,725/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.
13% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$248,900List price
$1,725Rent estimate / mo
1.00Lender DSCR (est.)
$3,778Taxes / yr · county assessor
$147ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,725 |
| − Mortgage (P&I) | −$1,305 |
| − Taxes | −$315 |
| − Insurance | −$104 |
| = Cash flow before vacancy & repairs | $1 |
The numbers
- Price
- $248,900
- $ / sq ft
- $128 ZIP median $147
- Rent estimate
- $1,725/mo ZIP + bedroom comps
- Property taxes
- $3,778/yr 2% cap on assessed value $188,900
- PITIA (assumed)
- $1,724/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 13% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,944 sq ft
- Lot
- 20,909 sq ft
- Year built
- 1958
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122238
- Listed
- Aug 25, 2026
- Days on market
- 53
- Listing agent
- Brandon Lawson · Weichert, Realtors - Lawson & Co.
3179469900 · brandon@lawsonandco.com - Price history
- First asked $258,900 · previously $258,900 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.