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53score
$199,000
MLS
Street view585 Northgate Dr
Greenwood IN 46143 · Single Family · built 1962
3 bd3 ba2,503 sqft$80/sqft vs ZIP $161 −51%
1.48 lender DSCR (est.)
Rent covers the estimated payment 1.48× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,967/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
DSCR 1.4851% under ZIP $/sqftverify condition
The underwriting
The numbers (estimates, illustrative)
$199,000List price
$1,967Rent estimate / mo
1.48Lender DSCR (est.)
$2,388Taxes / yr · assumed 1.2%
$161ZIP median $ / sqft
53/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,967 |
| − Mortgage (P&I) | −$1,044 |
| − Taxes | −$199 |
| − Insurance | −$83 |
| = Cash flow before vacancy & repairs | $642 |
The numbers
- Price
- $199,000
- $ / sq ft
- $80 ZIP median $161
- Rent estimate
- $1,967/mo HUD fair-market rent
- Property taxes
- $2,388/yr assumed 1.2% of price
- PITIA (assumed)
- $1,325/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.48 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 53/100 DSCR 1.48 · 51% under ZIP $/sqft · verify condition
The property
- Beds / baths
- 3 / 3
- Living area
- 2,503 sq ft
- Lot
- 8,276 sq ft
- Year built
- 1962
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22125903
- Listed
- Sep 14, 2026
- Days on market
- 21
- Listing agent
- Charles White · The Virtual Realty Group
3178231455 · charles@keyhomes.us - Price history
- First asked $199,000
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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.