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16score
$232,500
MLS
Street view5836 Outer Bank Rd
Indianapolis IN 46239 · Single Family · built 2005
3 bd2 ba1,390 sqft$167/sqft vs ZIP $148 +13%
1.07 lender DSCR (est.)
Rent covers the estimated payment 1.07× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,833/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$232,500List price
$1,833Rent estimate / mo
1.07Lender DSCR (est.)
$4,698Taxes / yr · county assessor
$148ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,833 |
| − Mortgage (P&I) | −$1,219 |
| − Taxes | −$392 |
| − Insurance | −$97 |
| = Cash flow before vacancy & repairs | $125 |
The numbers
- Price
- $232,500
- $ / sq ft
- $167 ZIP median $148
- Rent estimate
- $1,833/mo ZIP + bedroom comps
- Property taxes
- $4,698/yr 2% cap on assessed value $234,900
- PITIA (assumed)
- $1,708/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,390 sq ft
- Lot
- 13,939 sq ft
- Year built
- 2005
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22132742
- Listed
- Oct 21, 2026
- Days on market
- 10
- Listing agent
- Victoria Pina Druley · Compass Indiana, LLC
3176288984 · gppigroupllc@gmail.com - Price history
- First asked $232,500
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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.