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
1 / 6
23score
↓ $10,000
$397,500
MLS
Street view8518 Spend A Buck Dr
Indianapolis IN 46217 · Single Family · built 1989
4 bd2.5 ba2,857 sqft$139/sqft vs ZIP $164 −15%
0.70 lender DSCR (est.)
Rent covers the estimated payment 0.70× · walk-away floor 1.20 · high confidence
How we compute this
Rent est. $2,055/mo (ZIP + bedroom comps) ÷ 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.
15% under ZIP $/sqftprice cut 3%below assessed value
The underwriting
The numbers (estimates, illustrative)
$397,500List price
$2,055Rent estimate / mo
0.70Lender DSCR (est.)
$8,394Taxes / yr · county assessor
$164ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,055 |
| − Mortgage (P&I) | −$2,085 |
| − Taxes | −$700 |
| − Insurance | −$166 |
| = Cash flow before vacancy & repairs | $-895 |
The numbers
- Price
- $397,500
- $ / sq ft
- $139 ZIP median $164
- Rent estimate
- $2,055/mo ZIP + bedroom comps
- Property taxes
- $8,394/yr 2% cap on assessed value $419,700
- PITIA (assumed)
- $2,950/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.70 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 15% under ZIP $/sqft · price cut 3% · below assessed value
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,857 sq ft
- Lot
- 10,890 sq ft
- Year built
- 1989
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22112744
- Listed
- Jul 17, 2026
- Days on market
- 78
- Listing agent
- Chase Lyday · Highgarden Real Estate
3176943642 · chase.lyday@talktotucker.com - Price history
- First asked $407,500 · previously $407,500 cut $10,000
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.