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36score
$237,000
MLS
Street view7213 Tappan Dr
Indianapolis IN 46268 · Single Family · built 1991
3 bd2.5 ba2,484 sqft$95/sqft vs ZIP $159 −40%
0.99 lender DSCR (est.)
Rent covers the estimated payment 0.99× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,915/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.
40% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$237,000List price
$1,915Rent estimate / mo
0.99Lender DSCR (est.)
$7,124Taxes / yr · county assessor
$159ZIP median $ / sqft
36/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,915 |
| − Mortgage (P&I) | −$1,243 |
| − Taxes | −$594 |
| − Insurance | −$99 |
| = Cash flow before vacancy & repairs | $-20 |
The numbers
- Price
- $237,000
- $ / sq ft
- $95 ZIP median $159
- Rent estimate
- $1,915/mo ZIP + bedroom comps
- Property taxes
- $7,124/yr 2% cap on assessed value $356,200
- PITIA (assumed)
- $1,935/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.99 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 36/100 40% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,484 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1991
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22127270
- Listed
- Sep 21, 2026
- Days on market
- 11
- Listing agent
- Dennis Nottingham - Indy Home Pros Team · Re/Max Advanced Realty
3173761776 · dennis@indyhomepros.com - Price history
- First asked $237,000
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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.