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16score
New
$329,900
MLS
Street view6037 Riva Ridge Dr
Indianapolis IN 46237 · Single Family · built 2000
3 bd2 ba2,518 sqft$131/sqft vs ZIP $150 −13%
0.75 lender DSCR (est.)
Rent covers the estimated payment 0.75× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
13% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$329,900List price
$1,820Rent estimate / mo
0.75Lender DSCR (est.)
$5,912Taxes / yr · county assessor
$150ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$1,730 |
| − Taxes | −$493 |
| − Insurance | −$137 |
| − HOA | −$52 |
| = Cash flow before vacancy & repairs | $-592 |
The numbers
- Price
- $329,900
- $ / sq ft
- $131 ZIP median $150
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $5,912/yr 2% cap on assessed value $295,600
- PITIA (assumed)
- $2,412/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $52/mo
- Lender DSCR (est.)
- 0.75 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 13% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 2,518 sq ft
- Lot
- 7,841 sq ft
- Year built
- 2000
- Property type
- Single Family
- HOA
- $52/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131016
- Listed
- Oct 13, 2026
- Days on market
- 2
- Listing agent
- Jeff Paxson Team · Jeff Paxson Team
3176792121 · jeff@jeffpaxson.com - Price history
- First asked $329,900
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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.