1 / 6
14score
New
$228,900
MLS
Street view5814 Emmert Way
Indianapolis IN 46221 · Single Family · built 1997
3 bd2 ba1,107 sqft$207/sqft vs ZIP $147 +41%
1.04 lender DSCR (est.)
Rent covers the estimated payment 1.04× · 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.
new this week
The underwriting
The numbers (estimates, illustrative)
$228,900List price
$1,730Rent estimate / mo
1.04Lender DSCR (est.)
$4,482Taxes / yr · county assessor
$147ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,730 |
| − Mortgage (P&I) | −$1,200 |
| − Taxes | −$374 |
| − Insurance | −$95 |
| = Cash flow before vacancy & repairs | $61 |
The numbers
- Price
- $228,900
- $ / sq ft
- $207 ZIP median $147
- Rent estimate
- $1,730/mo ZIP + bedroom comps
- Property taxes
- $4,482/yr 2% cap on assessed value $224,100
- PITIA (assumed)
- $1,669/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.04 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,107 sq ft
- Lot
- 7,405 sq ft
- Year built
- 1997
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129978
- Listed
- Oct 7, 2026
- Days on market
- 3
- Listing agent
- Michelle Frazier · Keller Williams Indy Metro Ne
3172818977 · michellefrazierrealtor@gmail.com - Price history
- First asked $228,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.