1 / 6
30score
↓ $25,000
$299,900
MLS
Street view47 Dixie Dr
Indianapolis IN 46227 · Single Family · built 1957
3 bd3 ba2,520 sqft$119/sqft vs ZIP $156 −24%
0.90 lender DSCR (est.)
Rent covers the estimated payment 0.90× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,850/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.
24% under ZIP $/sqftprice cut 8%
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$1,850Rent estimate / mo
0.90Lender DSCR (est.)
$4,422Taxes / yr · county assessor
$156ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,850 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$369 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $-216 |
The numbers
- Price
- $299,900
- $ / sq ft
- $119 ZIP median $156
- Rent estimate
- $1,850/mo ZIP + bedroom comps
- Property taxes
- $4,422/yr 2% cap on assessed value $221,100
- PITIA (assumed)
- $2,066/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.90 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 24% under ZIP $/sqft · price cut 8%
The property
- Beds / baths
- 3 / 3
- Living area
- 2,520 sq ft
- Lot
- 23,958 sq ft
- Year built
- 1957
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22120659
- Listed
- Aug 19, 2026
- Days on market
- 59
- Listing agent
- Jenny Laughner · CENTURY 21 Scheetz
3173396972 · jenny@c21scheetz.com - Price history
- First asked $324,900 · previously $324,900 cut $25,000
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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.