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21score
$294,900
MLS
Street view4120 Waterthrush Dr
Indianapolis IN 46254 · Single Family · built 1997
4 bd2.5 ba2,202 sqft$134/sqft vs ZIP $155 −14%
1.05 lender DSCR (est.)
Rent covers the estimated payment 1.05× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,295/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 $/sqft
The underwriting
The numbers (estimates, illustrative)
$294,900List price
$2,295Rent estimate / mo
1.05Lender DSCR (est.)
$5,858Taxes / yr · county assessor
$155ZIP median $ / sqft
21/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,295 |
| − Mortgage (P&I) | −$1,546 |
| − Taxes | −$488 |
| − Insurance | −$123 |
| − HOA | −$31 |
| = Cash flow before vacancy & repairs | $106 |
The numbers
- Price
- $294,900
- $ / sq ft
- $134 ZIP median $155
- Rent estimate
- $2,295/mo ZIP + bedroom comps
- Property taxes
- $5,858/yr 2% cap on assessed value $292,900
- PITIA (assumed)
- $2,189/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $31/mo
- Lender DSCR (est.)
- 1.05 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 21/100 13% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,202 sq ft
- Lot
- 13,504 sq ft
- Year built
- 1997
- Property type
- Single Family
- HOA
- $31/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125298
- Listed
- Sep 10, 2026
- Days on market
- 22
- Listing agent
- Steve Metarelis · Offerpad Brokerage, LLC
8444480749 · sales@offerpad.com - Price history
- First asked $294,900
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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.