1 / 6
0score
$529,900
MLS
Street view8404 Union Chapel Rd
Indianapolis IN 46240 · Single Family · built 1910
3 bd2 ba1,466 sqft$361/sqft vs ZIP $207 +75%
0.57 lender DSCR (est.)
Rent covers the estimated payment 0.57× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,864/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)
$529,900List price
$1,864Rent estimate / mo
0.57Lender DSCR (est.)
$3,214Taxes / yr · county assessor
$207ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,864 |
| − Mortgage (P&I) | −$2,779 |
| − Taxes | −$268 |
| − Insurance | −$221 |
| = Cash flow before vacancy & repairs | $-1,403 |
The numbers
- Price
- $529,900
- $ / sq ft
- $361 ZIP median $207
- Rent estimate
- $1,864/mo HUD fair-market rent
- Property taxes
- $3,214/yr 2% cap on assessed value $160,700
- PITIA (assumed)
- $3,267/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.57 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 3 / 2
- Living area
- 1,466 sq ft
- Lot
- 9,583 sq ft
- Year built
- 1910
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129826
- Listed
- Oct 9, 2026
- Days on market
- 23
- Listing agent
- Nikki Keever · Keller Williams Indpls Metro N
3172170876 · nikki@keeverrealtygroup.com - Price history
- First asked $529,900
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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.