1 / 6
19score
$310,000
MLS
Street view615 Simmons St
Plainfield IN 46168 · Single Family · built 1974
4 bd2 ba1,983 sqft$156/sqft vs ZIP $175 −11%
1.05 lender DSCR (est.)
Rent covers the estimated payment 1.05× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,173/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.
11% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$310,000List price
$2,173Rent estimate / mo
1.05Lender DSCR (est.)
$3,720Taxes / yr · assumed 1.2%
$175ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,173 |
| − Mortgage (P&I) | −$1,626 |
| − Taxes | −$310 |
| − Insurance | −$129 |
| = Cash flow before vacancy & repairs | $108 |
The numbers
- Price
- $310,000
- $ / sq ft
- $156 ZIP median $175
- Rent estimate
- $2,173/mo HUD fair-market rent
- Property taxes
- $3,720/yr assumed 1.2% of price
- PITIA (assumed)
- $2,065/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.05 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 11% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2
- Living area
- 1,983 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1974
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22112312
- Listed
- Jul 7, 2026
- Days on market
- 118
- Listing agent
- Aaron Gourdouze · Redfin Corporation
3176976433 · carrie.georgitsis@redfin.com - Price history
- First asked $310,000
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.