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12score
New Construction
$399,000
MLS
Street view8902 Howlett Ln
Indianapolis IN 46259 · Single Family · built 2024
5 bd3 ba2,922 sqft$137/sqft vs ZIP $150 −9%
0.75 lender DSCR (est.)
Rent covers the estimated payment 0.75× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,026/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.
9% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$399,000List price
$2,026Rent estimate / mo
0.75Lender DSCR (est.)
$4,788Taxes / yr · assumed 1.2%
$150ZIP median $ / sqft
12/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,026 |
| − Mortgage (P&I) | −$2,092 |
| − Taxes | −$399 |
| − Insurance | −$166 |
| − HOA | −$43 |
| = Cash flow before vacancy & repairs | $-675 |
The numbers
- Price
- $399,000
- $ / sq ft
- $137 ZIP median $150
- Rent estimate
- $2,026/mo HUD fair-market rent
- Property taxes
- $4,788/yr assumed 1.2% of price
- PITIA (assumed)
- $2,701/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $43/mo
- Lender DSCR (est.)
- 0.75 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 12/100 9% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 5 / 3
- Living area
- 2,922 sq ft
- Lot
- 10,454 sq ft
- Year built
- 2024
- Property type
- Single Family
- HOA
- $43/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22116221
- Listed
- Aug 7, 2026
- Days on market
- 57
- Listing agent
- Stephanie Evelo · Keller Williams Indy Metro Ne
3178639011 · info@eveloteam.com - Price history
- First asked $399,000
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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.