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
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28score
$310,000
MLS
Street view6908 Mendenhall Rd
Indianapolis IN 46221 · Single Family · built 1910
3 bd2 ba2,920 sqft$106/sqft vs ZIP $147 −28%
0.73 lender DSCR (est.)
Rent covers the estimated payment 0.73× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,725/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.
28% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$310,000List price
$1,725Rent estimate / mo
0.73Lender DSCR (est.)
$7,200Taxes / yr · county assessor
$147ZIP median $ / sqft
28/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,725 |
| − Mortgage (P&I) | −$1,626 |
| − Taxes | −$600 |
| − Insurance | −$129 |
| = Cash flow before vacancy & repairs | $-630 |
The numbers
- Price
- $310,000
- $ / sq ft
- $106 ZIP median $147
- Rent estimate
- $1,725/mo ZIP + bedroom comps
- Property taxes
- $7,200/yr 2% cap on assessed value $360,000
- PITIA (assumed)
- $2,355/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.73 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 28/100 28% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 2,920 sq ft
- Lot
- 27,007 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22098525
- Listed
- Apr 28, 2026
- Days on market
- 158
- Listing agent
- Mark Coffey Jr. · Keller Williams Realty, Indy M
3174009258 · mcoffey@callcarpenter.com - Price history
- First asked $310,000
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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.