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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24score
New↓ $18,190New Construction
$399,995
Triad
Street view8408 Honorable Dr
Indianapolis IN 46239 · Single Family · built 2026
5 bd3 ba3,054 sqft$131/sqft vs ZIP $148 −12%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,284/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
12% under ZIP $/sqftprice cut 5%new this week
The underwriting
The numbers (estimates, illustrative)
$399,995List price
$2,284Rent estimate / mo
0.84Lender DSCR (est.)
$4,800Taxes / yr · assumed 1.2%
$148ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,284 |
| − Mortgage (P&I) | −$2,098 |
| − Taxes | −$400 |
| − Insurance | −$167 |
| − HOA | −$46 |
| = Cash flow before vacancy & repairs | $-426 |
The numbers
- Price
- $399,995
- $ / sq ft
- $131 ZIP median $148
- Rent estimate
- $2,284/mo HUD fair-market rent
- Property taxes
- $4,800/yr assumed 1.2% of price
- PITIA (assumed)
- $2,710/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $46/mo
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 12% under ZIP $/sqft · price cut 5% · new this week
The property
- Beds / baths
- 5 / 3
- Living area
- 3,054 sq ft
- Lot
- 8,276 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $46/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- —
- Listed
- Sep 30, 2026
- Days on market
- 3
- Listing agent
- Not on the feed — use the official listing link
- Price history
- First asked $418,185 · previously $418,185 cut $18,190
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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.