1 / 6
38score
↓ $5,000
$94,900
MLS
Street view718 Ferndale Ct
Indianapolis IN 46227 · Single Family · built 1965
1 bd1 ba640 sqft$148/sqft vs ZIP $156 −5%
1.28 lender DSCR (est.)
Rent covers the estimated payment 1.28× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $960/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.
DSCR 1.28price cut 5%
The underwriting
The numbers (estimates, illustrative)
$94,900List price
$960Rent estimate / mo
1.28Lender DSCR (est.)
$1,838Taxes / yr · county assessor
$156ZIP median $ / sqft
38/100Deal Score
Monthly picture (illustrative)
| Rent est. | $960 |
| − Mortgage (P&I) | −$498 |
| − Taxes | −$153 |
| − Insurance | −$40 |
| − HOA | −$60 |
| = Cash flow before vacancy & repairs | $210 |
The numbers
- Price
- $94,900
- $ / sq ft
- $148 ZIP median $156
- Rent estimate
- $960/mo HUD fair-market rent
- Property taxes
- $1,838/yr 2% cap on assessed value $91,900
- PITIA (assumed)
- $750/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $60/mo
- Lender DSCR (est.)
- 1.28 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 38/100 DSCR 1.28 · price cut 5%
The property
- Beds / baths
- 1 / 1
- Living area
- 640 sq ft
- Lot
- 1,307 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- $60/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119741
- Listed
- Aug 12, 2026
- Days on market
- 66
- Listing agent
- Joy Hickman · United Real Estate Indpls
3174140698 · homeswithhickman@gmail.com - Price history
- First asked $99,900 · previously $99,900 cut $5,000
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.