1 / 6
21score
↓ $19,900
$270,000
MLS
Street view4128 Ballybay Ln
Indianapolis IN 46239 · Single Family · built 2011
4 bd2 ba1,871 sqft$144/sqft vs ZIP $148 −2%
1.05 lender DSCR (est.)
Rent covers the estimated payment 1.05× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,093/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 7%
The underwriting
The numbers (estimates, illustrative)
$270,000List price
$2,093Rent estimate / mo
1.05Lender DSCR (est.)
$5,028Taxes / yr · county assessor
$148ZIP median $ / sqft
21/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,093 |
| − Mortgage (P&I) | −$1,416 |
| − Taxes | −$419 |
| − Insurance | −$113 |
| − HOA | −$54 |
| = Cash flow before vacancy & repairs | $92 |
The numbers
- Price
- $270,000
- $ / sq ft
- $144 ZIP median $148
- Rent estimate
- $2,093/mo ZIP + bedroom comps
- Property taxes
- $5,028/yr 2% cap on assessed value $251,400
- PITIA (assumed)
- $2,001/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $54/mo
- Lender DSCR (est.)
- 1.05 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 21/100 price cut 7%
The property
- Beds / baths
- 4 / 2
- Living area
- 1,871 sq ft
- Lot
- 7,405 sq ft
- Year built
- 2011
- Property type
- Single Family
- HOA
- $54/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130682
- Listed
- Oct 8, 2026
- Days on market
- 10
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $289,900 · previously $289,900 cut $19,900
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.