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20score
$220,000
MLS
Street view1057 Timber Creek Dr
Carmel IN 46032 · Condo · built 1989
2 bd2 ba1,072 sqft$205/sqft vs ZIP $233 −12%
0.98 lender DSCR (est.)
Rent covers the estimated payment 0.98× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,691/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.
12% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$220,000List price
$1,691Rent estimate / mo
0.98Lender DSCR (est.)
$2,640Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
20/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,691 |
| − Mortgage (P&I) | −$1,154 |
| − Taxes | −$220 |
| − Insurance | −$92 |
| − HOA | −$256 |
| = Cash flow before vacancy & repairs | $-30 |
The numbers
- Price
- $220,000
- $ / sq ft
- $205 ZIP median $233
- Rent estimate
- $1,691/mo HUD fair-market rent
- Property taxes
- $2,640/yr assumed 1.2% of price
- PITIA (assumed)
- $1,721/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $256/mo
- Lender DSCR (est.)
- 0.98 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 20/100 12% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,072 sq ft
- Lot
- 1,307 sq ft
- Year built
- 1989
- Property type
- Condo
- HOA
- $256/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130030
- Listed
- Oct 7, 2026
- Days on market
- 26
- Listing agent
- Jamie Woodruff · F.C. Tucker Company
3177973423 · jamie.woodruff@talktotucker.com - Price history
- First asked $220,000
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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.