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0score
$275,000
MLS
Street view5604 Payne Blvd
Plainfield IN 46168 · Condo · built 2019
2 bd2 ba1,472 sqft$187/sqft vs ZIP $177 +6%
0.68 lender DSCR (est.)
Rent covers the estimated payment 0.68× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,415/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
The underwriting
The numbers (estimates, illustrative)
$275,000List price
$1,415Rent estimate / mo
0.68Lender DSCR (est.)
$3,300Taxes / yr · assumed 1.2%
$177ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,415 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$275 |
| − Insurance | −$115 |
| − HOA | −$250 |
| = Cash flow before vacancy & repairs | $-667 |
The numbers
- Price
- $275,000
- $ / sq ft
- $187 ZIP median $177
- Rent estimate
- $1,415/mo HUD fair-market rent
- Property taxes
- $3,300/yr assumed 1.2% of price
- PITIA (assumed)
- $2,082/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $250/mo
- Lender DSCR (est.)
- 0.68 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 2
- Living area
- 1,472 sq ft
- Lot
- 2,178 sq ft
- Year built
- 2019
- Property type
- Condo
- HOA
- $250/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22126503
- Listed
- Sep 17, 2026
- Days on market
- 18
- Listing agent
- Joanne Totten · Hoosier, Realtors®
3173198680 · jtotten@hoosier-realtors.com - Price history
- First asked $275,000
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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.