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19score
NewNew Construction
$389,765
Triad
Street view8806 Steinbeck Ln
Indianapolis IN 46239 · Single Family · built 2026
5 bd3 ba3,101 sqft$126/sqft vs ZIP $152 −17%
0.87 lender DSCR (est.)
Rent covers the estimated payment 0.87× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,301/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.
17% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$389,765List price
$2,301Rent estimate / mo
0.87Lender DSCR (est.)
$4,677Taxes / yr · assumed 1.2%
$152ZIP median $ / sqft
19/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,301 |
| − Mortgage (P&I) | −$2,044 |
| − Taxes | −$390 |
| − Insurance | −$162 |
| − HOA | −$58 |
| = Cash flow before vacancy & repairs | $-353 |
The numbers
- Price
- $389,765
- $ / sq ft
- $126 ZIP median $152
- Rent estimate
- $2,301/mo HUD fair-market rent
- Property taxes
- $4,677/yr assumed 1.2% of price
- PITIA (assumed)
- $2,654/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $58/mo
- Lender DSCR (est.)
- 0.87 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 19/100 17% under ZIP $/sqft · new this week
The property
- Beds / baths
- 5 / 3
- Living area
- 3,101 sq ft
- Lot
- 10,454 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- $58/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- —
- Listed
- Oct 2, 2026
- Days on market
- 2
- Listing agent
- Not on the feed — use the official listing link
- Price history
- First asked $389,765
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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.