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47score
New
$225,000
MLS
Street view5930 Timber Lake Way
Indianapolis IN 46237 · Single Family · built 1989
4 bd3 ba1,748 sqft$129/sqft vs ZIP $153 −16%
1.26 lender DSCR (est.)
Rent covers the estimated payment 1.26× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,133/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.
DSCR 1.2616% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$225,000List price
$2,133Rent estimate / mo
1.26Lender DSCR (est.)
$4,814Taxes / yr · county assessor
$153ZIP median $ / sqft
47/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,133 |
| − Mortgage (P&I) | −$1,180 |
| − Taxes | −$401 |
| − Insurance | −$94 |
| − HOA | −$17 |
| = Cash flow before vacancy & repairs | $441 |
The numbers
- Price
- $225,000
- $ / sq ft
- $129 ZIP median $153
- Rent estimate
- $2,133/mo ZIP + bedroom comps
- Property taxes
- $4,814/yr 2% cap on assessed value $240,700
- PITIA (assumed)
- $1,692/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $17/mo
- Lender DSCR (est.)
- 1.26 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 47/100 DSCR 1.26 · 16% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 4 / 3
- Living area
- 1,748 sq ft
- Lot
- 14,810 sq ft
- Year built
- 1989
- Property type
- Single Family
- HOA
- $17/mo
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127874
- Listed
- Sep 25, 2026
- Days on market
- 7
- Listing agent
- Todd Cook - Listing Specialist · Keller Williams Indy Metro S
3175033308 · todd@tlcsoldme.com - Price history
- First asked $225,000
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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.