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16score
$374,900
MLS
Street view8744 Rapp Dr
Indianapolis IN 46237 · Single Family · built 2003
4 bd2.5 ba3,032 sqft$124/sqft vs ZIP $153 −19%
0.77 lender DSCR (est.)
Rent covers the estimated payment 0.77× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,133/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.
19% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$374,900List price
$2,133Rent estimate / mo
0.77Lender DSCR (est.)
$7,418Taxes / yr · county assessor
$153ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,133 |
| − Mortgage (P&I) | −$1,966 |
| − Taxes | −$618 |
| − Insurance | −$156 |
| − HOA | −$38 |
| = Cash flow before vacancy & repairs | $-645 |
The numbers
- Price
- $374,900
- $ / sq ft
- $124 ZIP median $153
- Rent estimate
- $2,133/mo ZIP + bedroom comps
- Property taxes
- $7,418/yr 2% cap on assessed value $370,900
- PITIA (assumed)
- $2,778/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $38/mo
- Lender DSCR (est.)
- 0.77 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 19% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2.5
- Living area
- 3,032 sq ft
- Lot
- 10,454 sq ft
- Year built
- 2003
- Property type
- Single Family
- HOA
- $38/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122573
- Listed
- Sep 17, 2026
- Days on market
- 16
- Listing agent
- Courtney Lutz · Esquire Real Estate Group Llc
7086631976 · courtneyl@esquirerealtors.com - Price history
- First asked $374,900
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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.