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24score
↓ $35,000
$390,000
MLS
Street view4235 Mendocino Blvd
Indianapolis IN 46239 · Single Family · built 2025
5 bd3.5 ba3,220 sqft$121/sqft vs ZIP $147 −18%
0.78 lender DSCR (est.)
Rent covers the estimated payment 0.78× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,236/mo (HUD fair-market rent) ÷ 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.
17% under ZIP $/sqftprice cut 9%
The underwriting
The numbers (estimates, illustrative)
$390,000List price
$2,236Rent estimate / mo
0.78Lender DSCR (est.)
$7,356Taxes / yr · county assessor
$147ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,236 |
| − Mortgage (P&I) | −$2,045 |
| − Taxes | −$613 |
| − Insurance | −$163 |
| − HOA | −$58 |
| = Cash flow before vacancy & repairs | $-643 |
The numbers
- Price
- $390,000
- $ / sq ft
- $121 ZIP median $147
- Rent estimate
- $2,236/mo HUD fair-market rent
- Property taxes
- $7,356/yr 2% cap on assessed value $367,800
- PITIA (assumed)
- $2,879/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $58/mo
- Lender DSCR (est.)
- 0.78 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 17% under ZIP $/sqft · price cut 9%
The property
- Beds / baths
- 5 / 3.5
- Living area
- 3,220 sq ft
- Lot
- 9,583 sq ft
- Year built
- 2025
- Property type
- Single Family
- HOA
- $58/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22117060
- Listed
- Jul 30, 2026
- Days on market
- 94
- Listing agent
- Jaspreet Singh · Crossroads Real Estate Group LLC
3472594339 · singhsellsindy@gmail.com - Price history
- First asked $425,000 · previously $425,000 cut $35,000
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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.