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5score
New
$254,900
MLS
Street view8343 Codesa Way
Indianapolis IN 46278 · Townhouse · built 2005
2 bd2.5 ba1,622 sqft$157/sqft vs ZIP $149 +5%
0.89 lender DSCR (est.)
Rent covers the estimated payment 0.89× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,870/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)
$254,900List price
$1,870Rent estimate / mo
0.89Lender DSCR (est.)
$4,802Taxes / yr · county assessor
$149ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,870 |
| − Mortgage (P&I) | −$1,337 |
| − Taxes | −$400 |
| − Insurance | −$106 |
| − HOA | −$250 |
| = Cash flow before vacancy & repairs | $-223 |
The numbers
- Price
- $254,900
- $ / sq ft
- $157 ZIP median $149
- Rent estimate
- $1,870/mo HUD fair-market rent
- Property taxes
- $4,802/yr 2% cap on assessed value $240,100
- PITIA (assumed)
- $2,093/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $250/mo
- Lender DSCR (est.)
- 0.89 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 2 / 2.5
- Living area
- 1,622 sq ft
- Lot
- 2,614 sq ft
- Year built
- 2005
- Property type
- Townhouse
- HOA
- $250/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22125231
- Listed
- Oct 2, 2026
- Days on market
- 7
- Listing agent
- Adam Catron · F.C. Tucker Company - Crosspoint
3178495050 · adam@catronpropertygroup.com - Price history
- First asked $254,900
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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.