1 / 6
7score
↓ $5,000
$274,000
MLS
Street view4229 Trace Wood Dr
Indianapolis IN 46254 · Single Family · built 2002
3 bd2.5 ba1,440 sqft$190/sqft vs ZIP $152 +25%
0.95 lender DSCR (est.)
Rent covers the estimated payment 0.95× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,884/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 2%
The underwriting
The numbers (estimates, illustrative)
$274,000List price
$1,884Rent estimate / mo
0.95Lender DSCR (est.)
$4,876Taxes / yr · county assessor
$152ZIP median $ / sqft
7/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,884 |
| − Mortgage (P&I) | −$1,437 |
| − Taxes | −$406 |
| − Insurance | −$114 |
| − HOA | −$23 |
| = Cash flow before vacancy & repairs | $-96 |
The numbers
- Price
- $274,000
- $ / sq ft
- $190 ZIP median $152
- Rent estimate
- $1,884/mo ZIP + bedroom comps
- Property taxes
- $4,876/yr 2% cap on assessed value $243,800
- PITIA (assumed)
- $1,980/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $23/mo
- Lender DSCR (est.)
- 0.95 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 7/100 price cut 2%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,440 sq ft
- Lot
- 5,227 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $23/mo
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118011
- Listed
- Aug 3, 2026
- Days on market
- 75
- Listing agent
- Scott Chain · Berkshire Hathaway HomeServices Indiana Realty
7656690314 · scottchain@indyhomepros.com - Price history
- First asked $279,000 · previously $279,000 cut $5,000
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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.