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14score
$397,000
MLS
Street view7836 Wawasee Dr
Indianapolis IN 46250 · Single Family · built 1961
4 bd2.5 ba2,736 sqft$145/sqft vs ZIP $173 −16%
0.75 lender DSCR (est.)
Rent covers the estimated payment 0.75× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,171/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.
16% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$397,000List price
$2,171Rent estimate / mo
0.75Lender DSCR (est.)
$7,686Taxes / yr · county assessor
$173ZIP median $ / sqft
14/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,171 |
| − Mortgage (P&I) | −$2,082 |
| − Taxes | −$641 |
| − Insurance | −$165 |
| = Cash flow before vacancy & repairs | $-717 |
The numbers
- Price
- $397,000
- $ / sq ft
- $145 ZIP median $173
- Rent estimate
- $2,171/mo HUD fair-market rent
- Property taxes
- $7,686/yr 2% cap on assessed value $384,300
- PITIA (assumed)
- $2,888/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.75 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 14/100 16% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,736 sq ft
- Lot
- 19,166 sq ft
- Year built
- 1961
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126801
- Listed
- Sep 18, 2026
- Days on market
- 15
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $397,000
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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.