1 / 6
6score
New
$275,000
MLS
Street view9236 Steeplechase Dr
Indianapolis IN 46250 · Single Family · built 1988
3 bd2 ba1,311 sqft$210/sqft vs ZIP $173 +21%
0.91 lender DSCR (est.)
Rent covers the estimated payment 0.91× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,780/mo (HUD fair-market rent) ÷ 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.
new this week
The underwriting
The numbers (estimates, illustrative)
$275,000List price
$1,780Rent estimate / mo
0.91Lender DSCR (est.)
$4,448Taxes / yr · county assessor
$173ZIP median $ / sqft
6/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,780 |
| − Mortgage (P&I) | −$1,442 |
| − Taxes | −$371 |
| − Insurance | −$115 |
| − HOA | −$28 |
| = Cash flow before vacancy & repairs | $-175 |
The numbers
- Price
- $275,000
- $ / sq ft
- $210 ZIP median $173
- Rent estimate
- $1,780/mo HUD fair-market rent
- Property taxes
- $4,448/yr 2% cap on assessed value $222,400
- PITIA (assumed)
- $1,955/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $28/mo
- Lender DSCR (est.)
- 0.91 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 6/100 new this week
The property
- Beds / baths
- 3 / 2
- Living area
- 1,311 sq ft
- Lot
- 5,227 sq ft
- Year built
- 1988
- Property type
- Single Family
- HOA
- $28/mo
- Flood zone
- None (Zone X)
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129176
- Listed
- Oct 1, 2026
- Days on market
- 2
- Listing agent
- Natalie Clayton · Maywright Property Co.
3175228727 · natalie@maywright.com - Price history
- First asked $275,000
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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.