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29score
↓ $40,000
$549,000
MLS
Street view7422 Irick Ct
Indianapolis IN 46278 · Single Family · built 2017
5 bd3.5 ba4,388 sqft$125/sqft vs ZIP $151 −17%
0.71 lender DSCR (est.)
Rent covers the estimated payment 0.71× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,929/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.
17% under ZIP $/sqftprice cut 7%below assessed value
The underwriting
The numbers (estimates, illustrative)
$549,000List price
$2,929Rent estimate / mo
0.71Lender DSCR (est.)
$11,512Taxes / yr · county assessor
$151ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,929 |
| − Mortgage (P&I) | −$2,879 |
| − Taxes | −$959 |
| − Insurance | −$229 |
| − HOA | −$65 |
| = Cash flow before vacancy & repairs | $-1,203 |
The numbers
- Price
- $549,000
- $ / sq ft
- $125 ZIP median $151
- Rent estimate
- $2,929/mo HUD fair-market rent
- Property taxes
- $11,512/yr 2% cap on assessed value $575,600
- PITIA (assumed)
- $4,132/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $65/mo
- Lender DSCR (est.)
- 0.71 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 17% under ZIP $/sqft · price cut 7% · below assessed value
The property
- Beds / baths
- 5 / 3.5
- Living area
- 4,388 sq ft
- Lot
- 10,890 sq ft
- Year built
- 2017
- Property type
- Single Family
- HOA
- $65/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110793
- Listed
- Jul 17, 2026
- Days on market
- 78
- Listing agent
- Dave Whitfield · Real Broker, LLC
3178497653 · dave@davewhomes.com - Price history
- First asked $589,000 · previously $589,000 cut $40,000
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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.