1 / 6
26score
$299,900
MLS
Street view5426 Skipping Stone Dr
Indianapolis IN 46237 · Single Family · built 2003
3 bd2.5 ba2,622 sqft$114/sqft vs ZIP $153 −25%
0.82 lender DSCR (est.)
Rent covers the estimated payment 0.82× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
25% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$1,820Rent estimate / mo
0.82Lender DSCR (est.)
$6,068Taxes / yr · county assessor
$153ZIP median $ / sqft
26/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$506 |
| − Insurance | −$125 |
| − HOA | −$24 |
| = Cash flow before vacancy & repairs | $-407 |
The numbers
- Price
- $299,900
- $ / sq ft
- $114 ZIP median $153
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $6,068/yr 2% cap on assessed value $303,400
- PITIA (assumed)
- $2,227/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $24/mo
- Lender DSCR (est.)
- 0.82 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 26/100 25% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,622 sq ft
- Lot
- 8,712 sq ft
- Year built
- 2003
- Property type
- Single Family
- HOA
- $24/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126853
- Listed
- Sep 18, 2026
- Days on market
- 14
- Listing agent
- Dennis Nottingham - Indy Home Pros Team · Re/Max Advanced Realty
3173761776 · dennis@indyhomepros.com - Price history
- First asked $299,900
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.