Street view of 601 Ridge Rd
1 / 6
0score
$425,000
MLS Street view
Search photos

601 Ridge Rd

Greenwood IN 46142 · Single Family · built 1976
4 bd2.5 ba1,886 sqft$225/sqft vs ZIP $168 +34%
0.64 lender DSCR (est.)
Rent covers the estimated payment 0.64× · walk-away floor 1.20 · low confidence
How we compute this

Rent est. $1,809/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.

The underwriting

The numbers (estimates, illustrative)

$425,000List price
$1,809Rent estimate / mo
0.64Lender DSCR (est.)
$5,100Taxes / yr · assumed 1.2%
$168ZIP median $ / sqft
0/100Deal Score

Monthly picture (illustrative)

Rent est.$1,809
− Mortgage (P&I)−$2,229
− Taxes−$425
− Insurance−$177
= Cash flow before vacancy & repairs$-1,022

The numbers

Price
$425,000
$ / sq ft
$225 ZIP median $168
Rent estimate
$1,809/mo HUD fair-market rent
Property taxes
$5,100/yr assumed 1.2% of price
PITIA (assumed)
$2,831/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
Lender DSCR (est.)
0.64 rent ÷ PITIA · lender floor 1.20
Deal Score
0/100

The property

Beds / baths
4 / 2.5
Living area
1,886 sq ft
Lot
23,522 sq ft
Year built
1976
Property type
Single Family
HOA
None on record
Flood zone
—
Registered rental
—

The listing

Source
Standard
MLS #
22130252
Listed
Oct 7, 2026
Days on market
27
Listing agent
Jamie Suchotzky · Red Hot, REALTORS LLC
3175519589 · jamie@redhotrealtors.com
Price history
First asked $425,000
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.

AnalyzeAsk Triad