1 / 6
40score
↓ $24,900
$290,000
MLS
Street view650 Rayham Ct
Indianapolis IN 46234 · Single Family · built 1968
5 bd2.5 ba3,458 sqft$84/sqft vs ZIP $160 −48%
1.06 lender DSCR (est.)
Rent covers the estimated payment 1.06× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,356/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.
47% under ZIP $/sqftverify conditionprice cut 9%below assessed value
The underwriting
The numbers (estimates, illustrative)
$290,000List price
$2,356Rent estimate / mo
1.06Lender DSCR (est.)
$6,452Taxes / yr · county assessor
$160ZIP median $ / sqft
40/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,356 |
| − Mortgage (P&I) | −$1,521 |
| − Taxes | −$538 |
| − Insurance | −$121 |
| − HOA | −$49 |
| = Cash flow before vacancy & repairs | $128 |
The numbers
- Price
- $290,000
- $ / sq ft
- $84 ZIP median $160
- Rent estimate
- $2,356/mo HUD fair-market rent
- Property taxes
- $6,452/yr 2% cap on assessed value $322,600
- PITIA (assumed)
- $2,228/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $49/mo
- Lender DSCR (est.)
- 1.06 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 40/100 47% under ZIP $/sqft · verify condition · price cut 9% · below assessed value
The property
- Beds / baths
- 5 / 2.5
- Living area
- 3,458 sq ft
- Lot
- 13,504 sq ft
- Year built
- 1968
- Property type
- Single Family
- HOA
- $49/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22107863
- Listed
- Jun 17, 2026
- Days on market
- 122
- Listing agent
- Nardin Eskroos · eXp Realty, LLC
3179091266 · nardinexp@gmail.com - Price history
- First asked $314,900 · previously $314,900 cut $24,900
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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.