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4score
$275,000
MLS
Street view431 Blue Spring Dr
Indianapolis IN 46239 · Single Family · built 1998
3 bd2 ba1,549 sqft$178/sqft vs ZIP $149 +19%
0.96 lender DSCR (est.)
Rent covers the estimated payment 0.96× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,883/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.
The underwriting
The numbers (estimates, illustrative)
$275,000List price
$1,883Rent estimate / mo
0.96Lender DSCR (est.)
$4,604Taxes / yr · county assessor
$149ZIP median $ / sqft
4/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,883 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$384 |
| − Insurance | −$115 |
| − HOA | −$19 |
| = Cash flow before vacancy & repairs | $-76 |
The numbers
- Price
- $275,000
- $ / sq ft
- $178 ZIP median $149
- Rent estimate
- $1,883/mo ZIP + bedroom comps
- Property taxes
- $4,604/yr 2% cap on assessed value $230,200
- PITIA (assumed)
- $1,959/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $19/mo
- Lender DSCR (est.)
- 0.96 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 4/100
The property
- Beds / baths
- 3 / 2
- Living area
- 1,549 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1998
- Property type
- Single Family
- HOA
- $19/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130007
- Listed
- Oct 9, 2026
- Days on market
- 9
- Listing agent
- Landon Buesching · 1 Percent Lists Indiana Real Estate
2605736316 · landon.buesching@exprealty.com - Price history
- First asked $275,000
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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.