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18score
HUD home
$205,000
HUD
Listing photo520 Downey Ave
Mishawaka IN 46544 · Single Family · built 1982
3 bd2 ba1,820 sqft$113/sqft
1.10 lender DSCR (est.)
Rent covers the estimated payment 1.10× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,500/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.
government REO
The underwriting
The numbers (estimates, illustrative)
$205,000List price
$1,500Rent estimate / mo
1.10Lender DSCR (est.)
$2,460Taxes / yr · assumed 1.2%
—ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,075 |
| − Taxes | −$205 |
| − Insurance | −$85 |
| = Cash flow before vacancy & repairs | $135 |
The numbers
- Price
- $205,000
- $ / sq ft
- $113
- Rent estimate
- $1,500/mo HUD fair-market rent
- Property taxes
- $2,460/yr assumed 1.2% of price
- PITIA (assumed)
- $1,365/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 government REO
The property
- Beds / baths
- 3 / 2
- Living area
- 1,820 sq ft
- Lot
- —
- Year built
- 1982
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- HUD Home Store
- MLS #
- 156-548127
- Listed
- Sep 30, 2026
- Days on market
- —
- Listing agent
- HUD (FHA-insured foreclosure)
- Price history
- No changes recorded
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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.