Street view of 5280 E Fall Creek Parkway North Dr
1 / 6
25score
$375,000
MLS Street view
Search photos

5280 E Fall Creek Parkway North Dr

Indianapolis IN 46220 · Single Family · built 1950
3 bd3 ba2,638 sqft$142/sqft vs ZIP $202 −30%
0.72 lender DSCR (est.)
Rent covers the estimated payment 0.72× · walk-away floor 1.20 · medium confidence
How we compute this

Rent est. $1,799/mo (ZIP + bedroom comps) ÷ 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.

30% under ZIP $/sqft
The underwriting

The numbers (estimates, illustrative)

$375,000List price
$1,799Rent estimate / mo
0.72Lender DSCR (est.)
$4,500Taxes / yr · assumed 1.2%
$202ZIP median $ / sqft
25/100Deal Score

Monthly picture (illustrative)

Rent est.$1,799
− Mortgage (P&I)−$1,967
− Taxes−$375
− Insurance−$156
= Cash flow before vacancy & repairs$-699

The numbers

Price
$375,000
$ / sq ft
$142 ZIP median $202
Rent estimate
$1,799/mo ZIP + bedroom comps
Property taxes
$4,500/yr assumed 1.2% of price
PITIA (assumed)
$2,498/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
Lender DSCR (est.)
0.72 rent ÷ PITIA · lender floor 1.20
Deal Score
25/100 30% under ZIP $/sqft

The property

Beds / baths
3 / 3
Living area
2,638 sq ft
Lot
25,265 sq ft
Year built
1950
Property type
Single Family
HOA
None on record
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
Standard
MLS #
22131575
Listed
Oct 15, 2026
Days on market
17
Listing agent
Dylan Hostetter · United Real Estate Indpls
3178145500 · dylan@c21scheetz.com
Price history
First asked $375,000
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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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