1 / 6
38score
↓ $10,000
$275,000
MLS
Street view8426 Codesa Way
Indianapolis IN 46278 · Townhouse · built 2006
3 bd2.5 ba2,405 sqft$114/sqft vs ZIP $151 −24%
1.07 lender DSCR (est.)
Rent covers the estimated payment 1.07× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,405/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.
24% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$275,000List price
$2,405Rent estimate / mo
1.07Lender DSCR (est.)
$5,344Taxes / yr · county assessor
$151ZIP median $ / sqft
38/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,405 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$445 |
| − Insurance | −$115 |
| − HOA | −$250 |
| = Cash flow before vacancy & repairs | $153 |
The numbers
- Price
- $275,000
- $ / sq ft
- $114 ZIP median $151
- Rent estimate
- $2,405/mo HUD fair-market rent
- Property taxes
- $5,344/yr 2% cap on assessed value $267,200
- PITIA (assumed)
- $2,252/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $250/mo
- Lender DSCR (est.)
- 1.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 38/100 24% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,405 sq ft
- Lot
- 1,742 sq ft
- Year built
- 2006
- Property type
- Townhouse
- HOA
- $250/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22117621
- Listed
- Jul 31, 2026
- Days on market
- 78
- Listing agent
- Hayley Wild · Compass of Indiana, LLC
3174057915 · hwild@callcarpenter.com - Price history
- First asked $285,000 · previously $285,000 cut $10,000
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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.