1 / 6
5score
NewNew Construction
$516,400
MLS
Street view620 E 21st St
Indianapolis IN 46202 · Single Family · built 2026
3 bd3.5 ba1,800 sqft$287/sqft vs ZIP $207 +39%
0.54 lender DSCR (est.)
Rent covers the estimated payment 0.54× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,845/mo (ZIP + bedroom comps) ÷ 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.
new this week
The underwriting
The numbers (estimates, illustrative)
$516,400List price
$1,845Rent estimate / mo
0.54Lender DSCR (est.)
$6,197Taxes / yr · assumed 1.2%
$207ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,845 |
| − Mortgage (P&I) | −$2,708 |
| − Taxes | −$516 |
| − Insurance | −$215 |
| = Cash flow before vacancy & repairs | $-1,595 |
The numbers
- Price
- $516,400
- $ / sq ft
- $287 ZIP median $207
- Rent estimate
- $1,845/mo ZIP + bedroom comps
- Property taxes
- $6,197/yr assumed 1.2% of price
- PITIA (assumed)
- $3,440/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.54 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 3 / 3.5
- Living area
- 1,800 sq ft
- Lot
- 1,307 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22129203
- Listed
- Oct 2, 2026
- Days on market
- 2
- Listing agent
- Lakisha Lately · Compass Indiana, LLC
3174016380 · info@latelyhomes.com - Price history
- First asked $516,400
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.