1 / 6
7score
↓ $10,000
$299,900
MLS
Street view7909 Fennel Ct
Indianapolis IN 46237 · Single Family · built 1990
3 bd2 ba1,613 sqft$186/sqft vs ZIP $151 +23%
0.81 lender DSCR (est.)
Rent covers the estimated payment 0.81× · 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%
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$1,795Rent estimate / mo
0.81Lender DSCR (est.)
$5,880Taxes / yr · county assessor
$151ZIP median $ / sqft
7/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$490 |
| − Insurance | −$125 |
| − HOA | −$25 |
| = Cash flow before vacancy & repairs | $-418 |
The numbers
- Price
- $299,900
- $ / sq ft
- $186 ZIP median $151
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $5,880/yr 2% cap on assessed value $294,000
- PITIA (assumed)
- $2,213/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $25/mo
- Lender DSCR (est.)
- 0.81 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 7/100 price cut 3%
The property
- Beds / baths
- 3 / 2
- Living area
- 1,613 sq ft
- Lot
- 13,939 sq ft
- Year built
- 1990
- Property type
- Single Family
- HOA
- $25/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22105670
- Listed
- Jun 19, 2026
- Days on market
- 120
- Listing agent
- Jarah Ice · eXp Realty, LLC
7656217517 · jarahicerealty@gmail.com - Price history
- First asked $309,900 · previously $309,900 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.