1 / 6
9score
↓ $5,000
$230,000
MLS
Street view5447 Spring Creek Cir
Indianapolis IN 46254 · Single Family · built 1996
2 bd2 ba1,429 sqft$161/sqft vs ZIP $152 +6%
0.62 lender DSCR (est.)
Rent covers the estimated payment 0.62× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,106/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.
price cut 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$230,000List price
$1,106Rent estimate / mo
0.62Lender DSCR (est.)
$5,308Taxes / yr · county assessor
$152ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,106 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$442 |
| − Insurance | −$96 |
| − HOA | −$50 |
| = Cash flow before vacancy & repairs | $-688 |
The numbers
- Price
- $230,000
- $ / sq ft
- $161 ZIP median $152
- Rent estimate
- $1,106/mo HUD fair-market rent
- Property taxes
- $5,308/yr 2% cap on assessed value $265,400
- PITIA (assumed)
- $1,794/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $50/mo
- Lender DSCR (est.)
- 0.62 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 price cut 2% · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,429 sq ft
- Lot
- 6,098 sq ft
- Year built
- 1996
- Property type
- Single Family
- HOA
- $50/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22106544
- Listed
- Jun 6, 2026
- Days on market
- 133
- Listing agent
- Ryan Hakes · Grace & Agape Real Estate Serv
3174100505 · ryanhakes.realtor@gmail.com - Price history
- First asked $235,000 · previously $235,000 cut $5,000
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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.