1 / 6
34score
↓ $13,000
$230,000
MLS
Street view8203 Lake Tree Ln
Indianapolis IN 46217 · Single Family · built 2003
4 bd2 ba1,383 sqft$166/sqft vs ZIP $164 +1%
1.20 lender DSCR (est.)
Rent covers the estimated payment 1.20× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,055/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 6%below assessed value
The underwriting
The numbers (estimates, illustrative)
$230,000List price
$2,055Rent estimate / mo
1.20Lender DSCR (est.)
$4,680Taxes / yr · county assessor
$164ZIP median $ / sqft
34/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,055 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$390 |
| − Insurance | −$96 |
| − HOA | −$27 |
| = Cash flow before vacancy & repairs | $336 |
The numbers
- Price
- $230,000
- $ / sq ft
- $166 ZIP median $164
- Rent estimate
- $2,055/mo ZIP + bedroom comps
- Property taxes
- $4,680/yr 2% cap on assessed value $234,000
- PITIA (assumed)
- $1,719/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $27/mo
- Lender DSCR (est.)
- 1.20 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 34/100 price cut 6% · below assessed value
The property
- Beds / baths
- 4 / 2
- Living area
- 1,383 sq ft
- Lot
- 4,792 sq ft
- Year built
- 2003
- Property type
- Single Family
- HOA
- $27/mo
- Flood zone
- 500
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22111001
- Listed
- Jul 21, 2026
- Days on market
- 88
- Listing agent
- Jessica Phillips · eXp Realty, LLC
8123092065 · jess@aabindy.com - Price history
- First asked $243,000 · previously $240,000 cut $13,000
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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.