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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8score
↓ $18,100
$449,900
MLS
Street view11548 Applewood Cir
Carmel IN 46032 · Single Family · built 1997
2 bd2 ba1,815 sqft$248/sqft vs ZIP $233 +6%
0.52 lender DSCR (est.)
Rent covers the estimated payment 0.52× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,727/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.
price cut 4%
The underwriting
The numbers (estimates, illustrative)
$449,900List price
$1,727Rent estimate / mo
0.52Lender DSCR (est.)
$7,886Taxes / yr · county assessor
$233ZIP median $ / sqft
8/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$2,359 |
| − Taxes | −$657 |
| − Insurance | −$187 |
| − HOA | −$149 |
| = Cash flow before vacancy & repairs | $-1,626 |
The numbers
- Price
- $449,900
- $ / sq ft
- $248 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $7,886/yr 2% cap on assessed value $394,300
- PITIA (assumed)
- $3,353/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $149/mo
- Lender DSCR (est.)
- 0.52 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 8/100 price cut 4%
The property
- Beds / baths
- 2 / 2
- Living area
- 1,815 sq ft
- Lot
- 10,019 sq ft
- Year built
- 1997
- Property type
- Single Family
- HOA
- $149/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22121189
- Listed
- Aug 20, 2026
- Days on market
- 46
- Listing agent
- Andrew Sandler · A. M. Sandler & Associates
3173318121 · andy@amsandler.com - Price history
- First asked $468,000 · previously $468,000 cut $18,100
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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.