Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
3score
↓ $5,000
$313,900
MLS
Street view6242 Catalina Dr
Indianapolis IN 46259 · Single Family · built 1962
3 bd1.5 ba1,520 sqft$207/sqft vs ZIP $150 +38%
0.88 lender DSCR (est.)
Rent covers the estimated payment 0.88× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,975/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.
price cut 2%
The underwriting
The numbers (estimates, illustrative)
$313,900List price
$1,975Rent estimate / mo
0.88Lender DSCR (est.)
$5,604Taxes / yr · county assessor
$150ZIP median $ / sqft
3/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,975 |
| − Mortgage (P&I) | −$1,646 |
| − Taxes | −$467 |
| − Insurance | −$131 |
| = Cash flow before vacancy & repairs | $-269 |
The numbers
- Price
- $313,900
- $ / sq ft
- $207 ZIP median $150
- Rent estimate
- $1,975/mo ZIP + bedroom comps
- Property taxes
- $5,604/yr 2% cap on assessed value $280,200
- PITIA (assumed)
- $2,244/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.88 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 3/100 price cut 2%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,520 sq ft
- Lot
- 20,909 sq ft
- Year built
- 1962
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22117898
- Listed
- Aug 4, 2026
- Days on market
- 60
- Listing agent
- William Spellman
3177097110 · will@listwithlew.com - Price history
- First asked $318,900 · previously $318,900 cut $5,000
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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.