1 / 6
28score
↓ $10,000
$289,000
MLS
Street view5502 Floating Leaf Dr
Indianapolis IN 46237 · Single Family · built 2003
4 bd2.5 ba2,396 sqft$121/sqft vs ZIP $151 −20%
0.96 lender DSCR (est.)
Rent covers the estimated payment 0.96× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,043/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.
20% under ZIP $/sqftprice cut 3%
The underwriting
The numbers (estimates, illustrative)
$289,000List price
$2,043Rent estimate / mo
0.96Lender DSCR (est.)
$5,540Taxes / yr · county assessor
$151ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,043 |
| − Mortgage (P&I) | −$1,516 |
| − Taxes | −$462 |
| − Insurance | −$120 |
| − HOA | −$22 |
| = Cash flow before vacancy & repairs | $-77 |
The numbers
- Price
- $289,000
- $ / sq ft
- $121 ZIP median $151
- Rent estimate
- $2,043/mo ZIP + bedroom comps
- Property taxes
- $5,540/yr 2% cap on assessed value $277,000
- PITIA (assumed)
- $2,120/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $22/mo
- Lender DSCR (est.)
- 0.96 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 20% under ZIP $/sqft · price cut 3%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,396 sq ft
- Lot
- 6,534 sq ft
- Year built
- 2003
- Property type
- Single Family
- HOA
- $22/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22120522
- Listed
- Aug 16, 2026
- Days on market
- 62
- Listing agent
- Rolland Vickrey · Harcourt Real Estate Team
7657200158 - Price history
- First asked $299,000 · previously $299,000 cut $10,000
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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.