Street view of 505 Tess Blvd
1 / 6
18score
New
$555,000
MLS Street view
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505 Tess Blvd

Westfield IN 46074 · Single Family · built 2025
5 bd3.5 ba3,146 sqft$176/sqft vs ZIP $210 −16%
0.73 lender DSCR (est.)
Rent covers the estimated payment 0.73× · walk-away floor 1.20 · low confidence
How we compute this

Rent est. $2,724/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.

16% under ZIP $/sqftnew this week
The underwriting

The numbers (estimates, illustrative)

$555,000List price
$2,724Rent estimate / mo
0.73Lender DSCR (est.)
$6,660Taxes / yr · assumed 1.2%
$210ZIP median $ / sqft
18/100Deal Score

Monthly picture (illustrative)

Rent est.$2,724
− Mortgage (P&I)−$2,910
− Taxes−$555
− Insurance−$231
− HOA−$58
= Cash flow before vacancy & repairs$-1,031

The numbers

Price
$555,000
$ / sq ft
$176 ZIP median $210
Rent estimate
$2,724/mo HUD fair-market rent
Property taxes
$6,660/yr assumed 1.2% of price
PITIA (assumed)
$3,755/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $58/mo
Lender DSCR (est.)
0.73 rent ÷ PITIA · lender floor 1.20
Deal Score
18/100 16% under ZIP $/sqft · new this week

The property

Beds / baths
5 / 3.5
Living area
3,146 sq ft
Lot
10,019 sq ft
Year built
2025
Property type
Single Family
HOA
$58/mo
Flood zone
—
Registered rental
—

The listing

Source
Standard
MLS #
22128369
Listed
Oct 1, 2026
Days on market
4
Listing agent
Jeanna Chandler · Engel & Volkers
3175853575 · jeannachandler@gmail.com
Price history
First asked $555,000
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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.

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