1 / 6
34score
New
$260,000
MLS
Street view5342 Pelham Way
Indianapolis IN 46216 · Single Family · built 2003
3 bd3 ba2,316 sqft$112/sqft vs ZIP $155 −28%
0.91 lender DSCR (est.)
Rent covers the estimated payment 0.91× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,789/mo (HUD fair-market rent) ÷ 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.
28% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$260,000List price
$1,789Rent estimate / mo
0.91Lender DSCR (est.)
$5,534Taxes / yr · county assessor
$155ZIP median $ / sqft
34/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,789 |
| − Mortgage (P&I) | −$1,363 |
| − Taxes | −$461 |
| − Insurance | −$108 |
| − HOA | −$34 |
| = Cash flow before vacancy & repairs | $-178 |
The numbers
- Price
- $260,000
- $ / sq ft
- $112 ZIP median $155
- Rent estimate
- $1,789/mo HUD fair-market rent
- Property taxes
- $5,534/yr 2% cap on assessed value $276,700
- PITIA (assumed)
- $1,967/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $34/mo
- Lender DSCR (est.)
- 0.91 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 34/100 28% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 3 / 3
- Living area
- 2,316 sq ft
- Lot
- 4,356 sq ft
- Year built
- 2003
- Property type
- Single Family
- HOA
- $34/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126798
- Listed
- Sep 24, 2026
- Days on market
- 7
- Listing agent
- Brenda Tinsley · Highgarden Real Estate
3177972025 · btinsley@highgarden.com - Price history
- First asked $260,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.