Last confirmed active 17 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
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0score
$4,250,000
MLS
Street view10565 Spring Mill Rd
Carmel IN 46290 · Single Family · built 2008
5 bd5.5 ba6,658 sqft$638/sqft vs ZIP $235 +172%
0.09 lender DSCR (est.)
Rent covers the estimated payment 0.09× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,469/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)
$4,250,000List price
$2,469Rent estimate / mo
0.09Lender DSCR (est.)
$25,360Taxes / yr · county assessor
$235ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,469 |
| − Mortgage (P&I) | −$22,287 |
| − Taxes | −$2,113 |
| − Insurance | −$1,771 |
| − HOA | −$1,600 |
| = Cash flow before vacancy & repairs | $-25,303 |
The numbers
- Price
- $4,250,000
- $ / sq ft
- $638 ZIP median $235
- Rent estimate
- $2,469/mo HUD fair-market rent
- Property taxes
- $25,360/yr 2% cap on assessed value $1,268,000
- PITIA (assumed)
- $27,772/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $1,600/mo
- Lender DSCR (est.)
- 0.09 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 5 / 5.5
- Living area
- 6,658 sq ft
- Lot
- 61,855 sq ft
- Year built
- 2008
- Property type
- Single Family
- HOA
- $1,600/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22110259
- Listed
- Aug 20, 2026
- Days on market
- 46
- Listing agent
- Sam Hawkins · F.C. Tucker Company - Keystone at the Crossing
3176799211 · sam@thehawkinsagency.com - Price history
- First asked $4,250,000
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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.