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8score
$264,900
MLS
Street view7675 Waterwood Dr
Indianapolis IN 46214 · Single Family · built 1987
3 bd2 ba1,438 sqft$184/sqft vs ZIP $143 +29%
0.95 lender DSCR (est.)
Rent covers the estimated payment 0.95× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,893/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$264,900List price
$1,893Rent estimate / mo
0.95Lender DSCR (est.)
$5,478Taxes / yr · county assessor
$143ZIP median $ / sqft
8/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,893 |
| − Mortgage (P&I) | −$1,389 |
| − Taxes | −$457 |
| − Insurance | −$110 |
| − HOA | −$29 |
| = Cash flow before vacancy & repairs | $-92 |
The numbers
- Price
- $264,900
- $ / sq ft
- $184 ZIP median $143
- Rent estimate
- $1,893/mo ZIP + bedroom comps
- Property taxes
- $5,478/yr 2% cap on assessed value $273,900
- PITIA (assumed)
- $1,985/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $29/mo
- Lender DSCR (est.)
- 0.95 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 8/100 below assessed value
The property
- Beds / baths
- 3 / 2
- Living area
- 1,438 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1987
- Property type
- Single Family
- HOA
- $29/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119519
- Listed
- Sep 15, 2026
- Days on market
- 17
- Listing agent
- Blake Cardenas · Century 21 Scheetz
3178445111 · bcardenas@c21scheetz.com - Price history
- First asked $264,900
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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.