1 / 6
8score
$259,000
MLS
Street view5805 Decatur Ridge Dr
Indianapolis IN 46221 · Single Family · built 2002
3 bd2 ba1,978 sqft$131/sqft vs ZIP $145 −10%
0.91 lender DSCR (est.)
Rent covers the estimated payment 0.91× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,730/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.
10% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$259,000List price
$1,730Rent estimate / mo
0.91Lender DSCR (est.)
$5,068Taxes / yr · county assessor
$145ZIP median $ / sqft
8/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,730 |
| − Mortgage (P&I) | −$1,358 |
| − Taxes | −$422 |
| − Insurance | −$108 |
| − HOA | −$20 |
| = Cash flow before vacancy & repairs | $-178 |
The numbers
- Price
- $259,000
- $ / sq ft
- $131 ZIP median $145
- Rent estimate
- $1,730/mo ZIP + bedroom comps
- Property taxes
- $5,068/yr 2% cap on assessed value $253,400
- PITIA (assumed)
- $1,908/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $20/mo
- Lender DSCR (est.)
- 0.91 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 8/100 10% under ZIP $/sqft
The property
- Beds / baths
- 3 / 2
- Living area
- 1,978 sq ft
- Lot
- 6,098 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $20/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116110
- Listed
- Jul 24, 2026
- Days on market
- 70
- Listing agent
- Lindsey Smalling · Highgarden Real Estate
3174355914 · smallingeliterealtygroup@gmail.com - Price history
- First asked $259,000
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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.