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31score
New
$429,900
MLS
Street view8534 Rapp Dr
Indianapolis IN 46237 · Single Family · built 1999
6 bd3.5 ba3,804 sqft$113/sqft vs ZIP $150 −25%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,219/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.
25% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$429,900List price
$2,219Rent estimate / mo
0.69Lender DSCR (est.)
$8,704Taxes / yr · county assessor
$150ZIP median $ / sqft
31/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,219 |
| − Mortgage (P&I) | −$2,254 |
| − Taxes | −$725 |
| − Insurance | −$179 |
| − HOA | −$38 |
| = Cash flow before vacancy & repairs | $-978 |
The numbers
- Price
- $429,900
- $ / sq ft
- $113 ZIP median $150
- Rent estimate
- $2,219/mo HUD fair-market rent
- Property taxes
- $8,704/yr 2% cap on assessed value $435,200
- PITIA (assumed)
- $3,197/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $38/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 31/100 25% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 6 / 3.5
- Living area
- 3,804 sq ft
- Lot
- 9,148 sq ft
- Year built
- 1999
- Property type
- Single Family
- HOA
- $38/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130675
- Listed
- Oct 10, 2026
- Days on market
- 4
- Listing agent
- Brittany Woods · Brittany Woods at M.S.WOODS
3174425509 · bwoods@mswoods.com - Price history
- First asked $429,900
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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.