1 / 6
21score
↓ $5,100
$224,900
MLS
Street view916 Waring Dr E
Indianapolis IN 46229 · Single Family · built 1983
3 bd1.5 ba1,120 sqft$201/sqft vs ZIP $139 +44%
1.15 lender DSCR (est.)
Rent covers the estimated payment 1.15× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,730/mo (ZIP + bedroom comps) ÷ 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.
price cut 2%
The underwriting
The numbers (estimates, illustrative)
$224,900List price
$1,730Rent estimate / mo
1.15Lender DSCR (est.)
$2,699Taxes / yr · assumed 1.2%
$139ZIP median $ / sqft
21/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,730 |
| − Mortgage (P&I) | −$1,179 |
| − Taxes | −$225 |
| − Insurance | −$94 |
| = Cash flow before vacancy & repairs | $232 |
The numbers
- Price
- $224,900
- $ / sq ft
- $201 ZIP median $139
- Rent estimate
- $1,730/mo ZIP + bedroom comps
- Property taxes
- $2,699/yr assumed 1.2% of price
- PITIA (assumed)
- $1,498/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.15 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 21/100 price cut 2%
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,120 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1983
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118021
- Listed
- Aug 5, 2026
- Days on market
- 73
- Listing agent
- Christopher Price · Keller Williams Indy Metro W
3178868477 · sales@indypropertysource.com - Price history
- First asked $230,000 · previously $230,000 cut $5,100
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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.