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30score
NewNew Construction
$535,000
MLS
Street view671 E 16th St
Indianapolis IN 46202 · Single Family · built 2023
3 bd3.5 ba3,554 sqft$151/sqft vs ZIP $199 −24%
0.53 lender DSCR (est.)
Rent covers the estimated payment 0.53× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,000/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.
25% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$535,000List price
$2,000Rent estimate / mo
0.53Lender DSCR (est.)
$6,420Taxes / yr · assumed 1.2%
$199ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,000 |
| − Mortgage (P&I) | −$2,806 |
| − Taxes | −$535 |
| − Insurance | −$223 |
| − HOA | −$175 |
| = Cash flow before vacancy & repairs | $-1,739 |
The numbers
- Price
- $535,000
- $ / sq ft
- $151 ZIP median $199
- Rent estimate
- $2,000/mo ZIP + bedroom comps
- Property taxes
- $6,420/yr assumed 1.2% of price
- PITIA (assumed)
- $3,739/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $175/mo
- Lender DSCR (est.)
- 0.53 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 25% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 3 / 3.5
- Living area
- 3,554 sq ft
- Lot
- 1,307 sq ft
- Year built
- 2023
- Property type
- Single Family
- HOA
- $175/mo
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22133470
- Listed
- Oct 26, 2026
- Days on market
- 7
- Listing agent
- Kate Tuttle · @properties
3176917705 · kate@atpropertiesind.com - Price history
- First asked $535,000
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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.