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
1 / 6
22score
↓ $15,000
$234,900
MLS
Street view11725 Lenox Ln
Carmel IN 46032 · Condo · built 1993
2 bd2 ba1,072 sqft$219/sqft vs ZIP $233 −6%
0.94 lender DSCR (est.)
Rent covers the estimated payment 0.94× · walk-away floor 1.20 · low 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 assumed at 1.2% of price. Assumptions as of 2026-09-12.
price cut 6%below assessed value
The underwriting
The numbers (estimates, illustrative)
$234,900List price
$1,727Rent estimate / mo
0.94Lender DSCR (est.)
$2,819Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$235 |
| − Insurance | −$98 |
| − HOA | −$275 |
| = Cash flow before vacancy & repairs | $-113 |
The numbers
- Price
- $234,900
- $ / sq ft
- $219 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $2,819/yr assumed 1.2% of price
- PITIA (assumed)
- $1,840/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $275/mo
- Lender DSCR (est.)
- 0.94 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 price cut 6% · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,072 sq ft
- Lot
- 4,356 sq ft
- Year built
- 1993
- Property type
- Condo
- HOA
- $275/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22118690
- Listed
- Aug 7, 2026
- Days on market
- 59
- Listing agent
- Eric Rasmussen, Agent · Century 21 Scheetz
3179009108 · erasmussen@c21scheetz.com - Price history
- First asked $249,900 · previously $249,900 cut $15,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.