1 / 6
10score
$299,900
MLS
Street view10205 N College Ave
Carmel IN 46280 · Single Family · built 1955
3 bd1.5 ba1,300 sqft$231/sqft vs ZIP $237 −3%
1.03 lender DSCR (est.)
Rent covers the estimated payment 1.03× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,236/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.
The underwriting
The numbers (estimates, illustrative)
$299,900List price
$2,236Rent estimate / mo
1.03Lender DSCR (est.)
$5,714Taxes / yr · county assessor
$237ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,236 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$476 |
| − Insurance | −$125 |
| = Cash flow before vacancy & repairs | $62 |
The numbers
- Price
- $299,900
- $ / sq ft
- $231 ZIP median $237
- Rent estimate
- $2,236/mo HUD fair-market rent
- Property taxes
- $5,714/yr 2% cap on assessed value $285,700
- PITIA (assumed)
- $2,174/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.03 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100
The property
- Beds / baths
- 3 / 1.5
- Living area
- 1,300 sq ft
- Lot
- 18,295 sq ft
- Year built
- 1955
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129406
- Listed
- Oct 5, 2026
- Days on market
- 28
- Listing agent
- Shelly Walters-cifelli · F.C. Tucker Company - Carmel
3172012601 · shelly@shellywalters.com - Price history
- First asked $299,900
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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.