1 / 6
28score
New
$279,000
MLS
Street view6879 Oak Lake Dr
Indianapolis IN 46214 · Single Family · built 1991
4 bd2.5 ba2,448 sqft$114/sqft vs ZIP $138 −17%
0.86 lender DSCR (est.)
Rent covers the estimated payment 0.86× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,846/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.
18% under ZIP $/sqftnew this weekbelow assessed valueregistered rental
The underwriting
The numbers (estimates, illustrative)
$279,000List price
$1,846Rent estimate / mo
0.86Lender DSCR (est.)
$6,384Taxes / yr · county assessor
$138ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,846 |
| − Mortgage (P&I) | −$1,463 |
| − Taxes | −$532 |
| − Insurance | −$116 |
| − HOA | −$38 |
| = Cash flow before vacancy & repairs | $-303 |
The numbers
- Price
- $279,000
- $ / sq ft
- $114 ZIP median $138
- Rent estimate
- $1,846/mo HUD fair-market rent
- Property taxes
- $6,384/yr 2% cap on assessed value $319,200
- PITIA (assumed)
- $2,149/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $38/mo
- Lender DSCR (est.)
- 0.86 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 18% under ZIP $/sqft · new this week · below assessed value · registered rental
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,448 sq ft
- Lot
- 13,068 sq ft
- Year built
- 1991
- Property type
- Single Family
- HOA
- $38/mo
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- Standard
- MLS #
- 22131019
- Listed
- Oct 12, 2026
- Days on market
- 3
- Listing agent
- Jodi Gandy · Honor Realty Llc
3173408839 · jodi@honorrealtygroup.com - Price history
- First asked $279,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.