Last confirmed active 19 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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0score
$390,000
MLS
Street view7990 Springwater Cir
Indianapolis IN 46256 · Single Family · built 1984
3 bd2.5 ba2,048 sqft$190/sqft vs ZIP $171 +11%
0.56 lender DSCR (est.)
Rent covers the estimated payment 0.56× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,566/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.
The underwriting
The numbers (estimates, illustrative)
$390,000List price
$1,566Rent estimate / mo
0.56Lender DSCR (est.)
$6,792Taxes / yr · county assessor
$171ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,566 |
| − Mortgage (P&I) | −$2,045 |
| − Taxes | −$566 |
| − Insurance | −$163 |
| − HOA | −$38 |
| = Cash flow before vacancy & repairs | $-1,246 |
The numbers
- Price
- $390,000
- $ / sq ft
- $190 ZIP median $171
- Rent estimate
- $1,566/mo HUD fair-market rent
- Property taxes
- $6,792/yr 2% cap on assessed value $339,600
- PITIA (assumed)
- $2,812/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $38/mo
- Lender DSCR (est.)
- 0.56 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,048 sq ft
- Lot
- 22,651 sq ft
- Year built
- 1984
- Property type
- Single Family
- HOA
- $38/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22119952
- Listed
- Aug 13, 2026
- Days on market
- 51
- Listing agent
- Jim Lamson · F.C. Tucker Company - Crosspoint
3178495050 · jim.lamson@talktotucker.com - Price history
- First asked $390,000
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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.