1 / 6
19score
↓ $34,000
$251,000
MLS
Street view7938 Inverness Dr
Indianapolis IN 46237 · Single Family · built 1981
3 bd1.5 ba1,383 sqft$181/sqft vs ZIP $151 +20%
0.96 lender DSCR (est.)
Rent covers the estimated payment 0.96× · 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 14%below assessed value
The underwriting
The numbers (estimates, illustrative)
$251,000List price
$1,795Rent estimate / mo
0.96Lender DSCR (est.)
$5,366Taxes / yr · county assessor
$151ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,795 |
| − Mortgage (P&I) | −$1,316 |
| − Taxes | −$447 |
| − Insurance | −$105 |
| = Cash flow before vacancy & repairs | $-73 |
The numbers
- Price
- $251,000
- $ / sq ft
- $181 ZIP median $151
- Rent estimate
- $1,795/mo ZIP + bedroom comps
- Property taxes
- $5,366/yr 2% cap on assessed value $268,300
- PITIA (assumed)
- $1,868/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.96 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 price cut 14% · below assessed value
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,383 sq ft
- Lot
- 12,632 sq ft
- Year built
- 1981
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121300
- Listed
- Aug 19, 2026
- Days on market
- 59
- Listing agent
- Shelby K Farrar · Opendoor Brokerage, LLC.
4804625392 · homes@opendoor.com - Price history
- First asked $285,000 · previously $264,000 cut $34,000
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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.