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11score
$228,000
MLS
Street view7838 Park Ward Pl
Indianapolis IN 46259 · Single Family · built 2001
2 bd2 ba1,626 sqft$140/sqft vs ZIP $151 −7%
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. $1,293/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$228,000List price
$1,293Rent estimate / mo
0.71Lender DSCR (est.)
$5,514Taxes / yr · county assessor
$151ZIP median $ / sqft
11/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,293 |
| − Mortgage (P&I) | −$1,196 |
| − Taxes | −$460 |
| − Insurance | −$95 |
| − HOA | −$75 |
| = Cash flow before vacancy & repairs | $-532 |
The numbers
- Price
- $228,000
- $ / sq ft
- $140 ZIP median $151
- Rent estimate
- $1,293/mo HUD fair-market rent
- Property taxes
- $5,514/yr 2% cap on assessed value $275,700
- PITIA (assumed)
- $1,825/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $75/mo
- Lender DSCR (est.)
- 0.71 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 11/100 below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,626 sq ft
- Lot
- 9,583 sq ft
- Year built
- 2001
- Property type
- Single Family
- HOA
- $75/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119444
- Listed
- Aug 11, 2026
- Days on market
- 52
- Listing agent
- Emily Brewer · Redfin Corporation
3179385046 · emily@indyhomepros.com - Price history
- First asked $228,000
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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.