1 / 6
14score
↓ $11,000
$297,000
MLS
Street view723 Charter Woods Dr
Indianapolis IN 46224 · Single Family · built 1995
4 bd2.5 ba2,026 sqft$147/sqft vs ZIP $159 −8%
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. $1,872/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.
price cut 4%
The underwriting
The numbers (estimates, illustrative)
$297,000List price
$1,872Rent estimate / mo
0.86Lender DSCR (est.)
$5,740Taxes / yr · county assessor
$159ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,872 |
| − Mortgage (P&I) | −$1,558 |
| − Taxes | −$478 |
| − Insurance | −$124 |
| − HOA | −$16 |
| = Cash flow before vacancy & repairs | $-304 |
The numbers
- Price
- $297,000
- $ / sq ft
- $147 ZIP median $159
- Rent estimate
- $1,872/mo HUD fair-market rent
- Property taxes
- $5,740/yr 2% cap on assessed value $287,000
- PITIA (assumed)
- $2,176/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $16/mo
- Lender DSCR (est.)
- 0.86 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 price cut 4%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,026 sq ft
- Lot
- 9,583 sq ft
- Year built
- 1995
- Property type
- Single Family
- HOA
- $16/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118392
- Listed
- Aug 6, 2026
- Days on market
- 72
- Listing agent
- Jordan Nelson · @properties
3175996234 · jnelson@highgarden.com - Price history
- First asked $308,000 · previously $308,000 cut $11,000
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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.