1 / 6
9score
$479,900
MLS
Street view420 Austin Ln
Greenwood IN 46142 · Single Family · built 1993
3 bd3.5 ba3,183 sqft$151/sqft vs ZIP $168 −10%
0.46 lender DSCR (est.)
Rent covers the estimated payment 0.46× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,485/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
10% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$479,900List price
$1,485Rent estimate / mo
0.46Lender DSCR (est.)
$5,759Taxes / yr · assumed 1.2%
$168ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,485 |
| − Mortgage (P&I) | −$2,517 |
| − Taxes | −$480 |
| − Insurance | −$200 |
| − HOA | −$42 |
| = Cash flow before vacancy & repairs | $-1,754 |
The numbers
- Price
- $479,900
- $ / sq ft
- $151 ZIP median $168
- Rent estimate
- $1,485/mo HUD fair-market rent
- Property taxes
- $5,759/yr assumed 1.2% of price
- PITIA (assumed)
- $3,239/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $42/mo
- Lender DSCR (est.)
- 0.46 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 10% under ZIP $/sqft
The property
- Beds / baths
- 3 / 3.5
- Living area
- 3,183 sq ft
- Lot
- 24,829 sq ft
- Year built
- 1993
- Property type
- Single Family
- HOA
- $42/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22122611
- Listed
- Sep 2, 2026
- Days on market
- 62
- Listing agent
- Patrick Watkins · Mike Watkins Real Estate Group
3176989566 · pwatkins@mikesoldme.com - Price history
- First asked $479,900
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.