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0score
Short Sale
$278,000
MLS
Street view5747 Spring Oaks Way
Indianapolis IN 46237 · Single Family · built 1993
3 bd2 ba1,371 sqft$203/sqft vs ZIP $151 +34%
0.88 lender DSCR (est.)
Rent covers the estimated payment 0.88× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,795/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.
The underwriting
The numbers (estimates, illustrative)
$278,000List price
$1,795Rent estimate / mo
0.88Lender DSCR (est.)
$5,354Taxes / yr · county assessor
$151ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$1,458 |
| − Taxes | −$446 |
| − Insurance | −$116 |
| − HOA | −$17 |
| = Cash flow before vacancy & repairs | $-242 |
The numbers
- Price
- $278,000
- $ / sq ft
- $203 ZIP median $151
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $5,354/yr 2% cap on assessed value $267,700
- PITIA (assumed)
- $2,037/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $17/mo
- Lender DSCR (est.)
- 0.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 3 / 2
- Living area
- 1,371 sq ft
- Lot
- 10,019 sq ft
- Year built
- 1993
- Property type
- Single Family
- HOA
- $17/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Short Sale
- MLS #
- 22084735
- Listed
- Feb 20, 2026
- Days on market
- 239
- Listing agent
- Fred Krawczyk · Envoy Real Estate, LLC
3172944425 · fred@indyhouses.net - Price history
- First asked $278,000
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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.