1 / 6
5score
New
$499,900
MLS
Street view8335 Sand Point Way
Indianapolis IN 46240 · Condo · built 1984
2 bd3 ba2,208 sqft$226/sqft vs ZIP $207 +9%
0.39 lender DSCR (est.)
Rent covers the estimated payment 0.39× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,480/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$499,900List price
$1,480Rent estimate / mo
0.39Lender DSCR (est.)
$7,434Taxes / yr · county assessor
$207ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,480 |
| − Mortgage (P&I) | −$2,622 |
| − Taxes | −$620 |
| − Insurance | −$208 |
| − HOA | −$375 |
| = Cash flow before vacancy & repairs | $-2,344 |
The numbers
- Price
- $499,900
- $ / sq ft
- $226 ZIP median $207
- Rent estimate
- $1,480/mo HUD fair-market rent
- Property taxes
- $7,434/yr 2% cap on assessed value $371,700
- PITIA (assumed)
- $3,824/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $375/mo
- Lender DSCR (est.)
- 0.39 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 2 / 3
- Living area
- 2,208 sq ft
- Lot
- 11,326 sq ft
- Year built
- 1984
- Property type
- Condo
- HOA
- $375/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129274
- Listed
- Oct 5, 2026
- Days on market
- 3
- Listing agent
- The Chris Camperelli Home Selling System · Exp Realty, LLC
3178189576 · chris@kanantikrealty.com - Price history
- First asked $499,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.