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29score
New
$429,900
MLS
Street view8647 Driftwood Dr
Indianapolis IN 46240 · Single Family · built 1962
4 bd3 ba2,684 sqft$160/sqft vs ZIP $207 −23%
0.73 lender DSCR (est.)
Rent covers the estimated payment 0.73× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,333/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.
23% under ZIP $/sqftnew this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$429,900List price
$2,333Rent estimate / mo
0.73Lender DSCR (est.)
$9,208Taxes / yr · county assessor
$207ZIP median $ / sqft
29/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,333 |
| − Mortgage (P&I) | −$2,254 |
| − Taxes | −$767 |
| − Insurance | −$179 |
| = Cash flow before vacancy & repairs | $-868 |
The numbers
- Price
- $429,900
- $ / sq ft
- $160 ZIP median $207
- Rent estimate
- $2,333/mo HUD fair-market rent
- Property taxes
- $9,208/yr 2% cap on assessed value $460,400
- PITIA (assumed)
- $3,201/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.73 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 29/100 23% under ZIP $/sqft · new this week · below assessed value
The property
- Beds / baths
- 4 / 3
- Living area
- 2,684 sq ft
- Lot
- 20,038 sq ft
- Year built
- 1962
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129816
- Listed
- Oct 5, 2026
- Days on market
- 3
- Listing agent
- Aaron Starr · F.C. Tucker Company - Noblesville
3174391933 · aaron.starr@talktotucker.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.