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14score
New
$330,000
MLS
Street view5640 Mead Dr
Indianapolis IN 46220 · Single Family · built 1995
3 bd2 ba1,906 sqft$173/sqft vs ZIP $194 −11%
0.75 lender DSCR (est.)
Rent covers the estimated payment 0.75× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,803/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.
11% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$330,000List price
$1,803Rent estimate / mo
0.75Lender DSCR (est.)
$6,174Taxes / yr · county assessor
$194ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,803 |
| − Mortgage (P&I) | −$1,731 |
| − Taxes | −$515 |
| − Insurance | −$138 |
| − HOA | −$27 |
| = Cash flow before vacancy & repairs | $-607 |
The numbers
- Price
- $330,000
- $ / sq ft
- $173 ZIP median $194
- Rent estimate
- $1,803/mo ZIP + bedroom comps
- Property taxes
- $6,174/yr 2% cap on assessed value $308,700
- PITIA (assumed)
- $2,410/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $27/mo
- Lender DSCR (est.)
- 0.75 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 11% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,906 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1995
- Property type
- Single Family
- HOA
- $27/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22128816
- Listed
- Sep 29, 2026
- Days on market
- 5
- Listing agent
- Michelle Collings · REMAX ONE
3175120865 · markdudley@remax.net - Price history
- First asked $330,000
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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.