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5score
New Construction
$364,900
MLS
Street view723 E 22nd St
Indianapolis IN 46202 · Single Family · built 2026
2 bd2.5 ba1,688 sqft$216/sqft vs ZIP $207 +4%
0.58 lender DSCR (est.)
Rent covers the estimated payment 0.58× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,500/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$364,900List price
$1,500Rent estimate / mo
0.58Lender DSCR (est.)
$4,379Taxes / yr · assumed 1.2%
$207ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,500 |
| − Mortgage (P&I) | −$1,914 |
| − Taxes | −$365 |
| − Insurance | −$152 |
| − HOA | −$135 |
| = Cash flow before vacancy & repairs | $-1,066 |
The numbers
- Price
- $364,900
- $ / sq ft
- $216 ZIP median $207
- Rent estimate
- $1,500/mo ZIP + bedroom comps
- Property taxes
- $4,379/yr assumed 1.2% of price
- PITIA (assumed)
- $2,566/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $135/mo
- Lender DSCR (est.)
- 0.58 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 2 / 2.5
- Living area
- 1,688 sq ft
- Lot
- 1,742 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $135/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22124051
- Listed
- Sep 4, 2026
- Days on market
- 29
- Listing agent
- Denise Potter · Onyx And East, Llc
3173714052 · denise.potter@onyxandeast.com - Price history
- First asked $364,900
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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.