Street view of 7432 Leatherwood Dr
1 / 6
10score
NewNew Construction
$449,990
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7432 Leatherwood Dr

Indianapolis IN 46259 · Single Family · built 2026
5 bd3.5 ba3,170 sqft$142/sqft vs ZIP $151 −6%
0.67 lender DSCR (est.)
Rent covers the estimated payment 0.67× · walk-away floor 1.20 · low confidence
How we compute this

Rent est. $2,041/mo (HUD fair-market rent) ÷ 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.

new this week
The underwriting

The numbers (estimates, illustrative)

$449,990List price
$2,041Rent estimate / mo
0.67Lender DSCR (est.)
$5,400Taxes / yr · assumed 1.2%
$151ZIP median $ / sqft
10/100Deal Score

Monthly picture (illustrative)

Rent est.$2,041
− Mortgage (P&I)−$2,360
− Taxes−$450
− Insurance−$187
− HOA−$54
= Cash flow before vacancy & repairs$-1,010

The numbers

Price
$449,990
$ / sq ft
$142 ZIP median $151
Rent estimate
$2,041/mo HUD fair-market rent
Property taxes
$5,400/yr assumed 1.2% of price
PITIA (assumed)
$3,051/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $54/mo
Lender DSCR (est.)
0.67 rent ÷ PITIA · lender floor 1.20
Deal Score
10/100 new this week

The property

Beds / baths
5 / 3.5
Living area
3,170 sq ft
Lot
9,583 sq ft
Year built
2026
Property type
Single Family
HOA
$54/mo
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
New Construction
MLS #
—
Listed
Sep 29, 2026
Days on market
4
Listing agent
Not on the feed — use the official listing link
Price history
First asked $449,990
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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.

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