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40score
New↓ $40,100
$399,900
MLS
Street view6238 Cave Ln
Indianapolis IN 46259 · Single Family · built 2024
5 bd3 ba4,704 sqft$85/sqft vs ZIP $150 −43%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,026/mo (HUD fair-market rent) ÷ 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.
43% under ZIP $/sqftprice cut 10%new this week
The underwriting
The numbers (estimates, illustrative)
$399,900List price
$2,026Rent estimate / mo
0.69Lender DSCR (est.)
$7,504Taxes / yr · county assessor
$150ZIP median $ / sqft
40/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,026 |
| − Mortgage (P&I) | −$2,097 |
| − Taxes | −$625 |
| − Insurance | −$167 |
| − HOA | −$51 |
| = Cash flow before vacancy & repairs | $-914 |
The numbers
- Price
- $399,900
- $ / sq ft
- $85 ZIP median $150
- Rent estimate
- $2,026/mo HUD fair-market rent
- Property taxes
- $7,504/yr 2% cap on assessed value $375,200
- PITIA (assumed)
- $2,940/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $51/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 40/100 43% under ZIP $/sqft · price cut 10% · new this week
The property
- Beds / baths
- 5 / 3
- Living area
- 4,704 sq ft
- Lot
- 7,841 sq ft
- Year built
- 2024
- Property type
- Single Family
- HOA
- $51/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129010
- Listed
- Oct 3, 2026
- Days on market
- 3
- Listing agent
- Traci Bringle · CENTURY 21 Scheetz
3178812100 · traci@c21scheetz.com - Price history
- First asked $440,000 · previously $440,000 cut $40,100
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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.