1 / 6
12score
↓ $10,000
$290,000
MLS
Street view7460 Southern Lakes Dr
Indianapolis IN 46237 · Single Family · built 1988
3 bd2.5 ba1,923 sqft$151/sqft vs ZIP $151 −0%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $1,795/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.
price cut 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$290,000List price
$1,795Rent estimate / mo
0.84Lender DSCR (est.)
$6,076Taxes / yr · county assessor
$151ZIP median $ / sqft
12/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$1,521 |
| − Taxes | −$506 |
| − Insurance | −$121 |
| = Cash flow before vacancy & repairs | $-353 |
The numbers
- Price
- $290,000
- $ / sq ft
- $151 ZIP median $151
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $6,076/yr 2% cap on assessed value $303,800
- PITIA (assumed)
- $2,148/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 12/100 price cut 3% · below assessed value
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,923 sq ft
- Lot
- 10,454 sq ft
- Year built
- 1988
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121630
- Listed
- Aug 21, 2026
- Days on market
- 57
- Listing agent
- Eli Skinner · Simplify Real Estate
3176270784 · eli@simplifyre.com - Price history
- First asked $300,000 · previously $295,000 cut $10,000
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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.