Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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10score
$315,000
MLS
Street view516 Palmyra Dr
Indianapolis IN 46239 · Single Family · built 1989
3 bd2.5 ba2,407 sqft$131/sqft vs ZIP $148 −12%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · 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.
12% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$315,000List price
$1,883Rent estimate / mo
0.80Lender DSCR (est.)
$5,574Taxes / yr · county assessor
$148ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,883 |
| − Mortgage (P&I) | −$1,652 |
| − Taxes | −$465 |
| − Insurance | −$131 |
| − HOA | −$117 |
| = Cash flow before vacancy & repairs | $-482 |
The numbers
- Price
- $315,000
- $ / sq ft
- $131 ZIP median $148
- Rent estimate
- $1,883/mo ZIP + bedroom comps
- Property taxes
- $5,574/yr 2% cap on assessed value $278,700
- PITIA (assumed)
- $2,365/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $117/mo
- Lender DSCR (est.)
- 0.80 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 12% under ZIP $/sqft
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,407 sq ft
- Lot
- 13,504 sq ft
- Year built
- 1989
- Property type
- Single Family
- HOA
- $117/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 202548685
- Listed
- Dec 11, 2025
- Days on market
- 296
- Listing agent
- Keeley Stalcup · eXp Realty LLC
7655854606 · keeleystalcup@gmail.com - Price history
- First asked $315,000
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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.