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11score
New
$254,000
MLS
Street view6551 Newstead Dr
Indianapolis IN 46217 · Single Family · built 2001
3 bd2 ba1,546 sqft$164/sqft vs ZIP $164 −0%
1.00 lender DSCR (est.)
Rent covers the estimated payment 1.00× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,820/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$254,000List price
$1,820Rent estimate / mo
1.00Lender DSCR (est.)
$4,398Taxes / yr · county assessor
$164ZIP median $ / sqft
11/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,820 |
| − Mortgage (P&I) | −$1,332 |
| − Taxes | −$367 |
| − Insurance | −$106 |
| − HOA | −$21 |
| = Cash flow before vacancy & repairs | $-5 |
The numbers
- Price
- $254,000
- $ / sq ft
- $164 ZIP median $164
- Rent estimate
- $1,820/mo ZIP + bedroom comps
- Property taxes
- $4,398/yr 2% cap on assessed value $219,900
- PITIA (assumed)
- $1,825/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $21/mo
- Lender DSCR (est.)
- 1.00 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 11/100 new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,546 sq ft
- Lot
- 6,098 sq ft
- Year built
- 2001
- Property type
- Single Family
- HOA
- $21/mo
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131901
- Listed
- Oct 16, 2026
- Days on market
- 2
- Listing agent
- Van Thawng · eXp Realty, LLC
3178472841 · vanthawng@livindyrealty.com - Price history
- First asked $254,000
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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.