1 / 6
14score
New
$279,900
MLS
Street view533 Blue Spring Dr
Indianapolis IN 46239 · Single Family · built 1994
3 bd2 ba1,952 sqft$143/sqft vs ZIP $149 −4%
0.91 lender DSCR (est.)
Rent covers the estimated payment 0.91× · 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.
new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$279,900List price
$1,883Rent estimate / mo
0.91Lender DSCR (est.)
$5,694Taxes / yr · county assessor
$149ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,883 |
| − Mortgage (P&I) | −$1,468 |
| − Taxes | −$475 |
| − Insurance | −$117 |
| = Cash flow before vacancy & repairs | $-176 |
The numbers
- Price
- $279,900
- $ / sq ft
- $143 ZIP median $149
- Rent estimate
- $1,883/mo ZIP + bedroom comps
- Property taxes
- $5,694/yr 2% cap on assessed value $284,700
- PITIA (assumed)
- $2,059/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.91 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 new this week · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,952 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1994
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22132028
- Listed
- Oct 17, 2026
- Days on market
- 1
- Listing agent
- Erica Suvak · Marlows Real Estate Group, LLC
3173402601 · cindym0673@gmail.com - Price history
- First asked $279,900
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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.