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2score
$395,000
MLS
Street view870 Ironwood East Dr
Brownsburg IN 46112 · Single Family · built 1991
3 bd2.5 ba2,245 sqft$176/sqft vs ZIP $180 −2%
0.73 lender DSCR (est.)
Rent covers the estimated payment 0.73× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,943/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.
The underwriting
The numbers (estimates, illustrative)
$395,000List price
$1,943Rent estimate / mo
0.73Lender DSCR (est.)
$4,740Taxes / yr · assumed 1.2%
$180ZIP median $ / sqft
2/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,943 |
| − Mortgage (P&I) | −$2,071 |
| − Taxes | −$395 |
| − Insurance | −$165 |
| − HOA | −$17 |
| = Cash flow before vacancy & repairs | $-705 |
The numbers
- Price
- $395,000
- $ / sq ft
- $176 ZIP median $180
- Rent estimate
- $1,943/mo HUD fair-market rent
- Property taxes
- $4,740/yr assumed 1.2% of price
- PITIA (assumed)
- $2,648/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $17/mo
- Lender DSCR (est.)
- 0.73 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 2/100
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,245 sq ft
- Lot
- 14,810 sq ft
- Year built
- 1991
- Property type
- Single Family
- HOA
- $17/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22127667
- Listed
- Sep 24, 2026
- Days on market
- 11
- Listing agent
- Reba Evans · Carpenter Realtors, Brownsburg
3173318840 · revans@mibor.net - Price history
- First asked $395,000
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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.