1 / 6
0score
Flood zone
$350,000
MLS
Street view11802 Prairie Pl
Carmel IN 46033 · Single Family · built 1959
3 bd2 ba1,296 sqft$270/sqft vs ZIP $202 +34%
0.87 lender DSCR (est.)
Rent covers the estimated payment 0.87× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,212/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.
flood zone
The underwriting
The numbers (estimates, illustrative)
$350,000List price
$2,212Rent estimate / mo
0.87Lender DSCR (est.)
$6,668Taxes / yr · county assessor
$202ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,212 |
| − Mortgage (P&I) | −$1,835 |
| − Taxes | −$556 |
| − Insurance | −$146 |
| = Cash flow before vacancy & repairs | $-325 |
The numbers
- Price
- $350,000
- $ / sq ft
- $270 ZIP median $202
- Rent estimate
- $2,212/mo HUD fair-market rent
- Property taxes
- $6,668/yr 2% cap on assessed value $333,400
- PITIA (assumed)
- $2,537/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.87 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100 flood zone
The property
- Beds / baths
- 3 / 2
- Living area
- 1,296 sq ft
- Lot
- 33,106 sq ft
- Year built
- 1959
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- AE · special flood hazard area
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130051
- Listed
- Oct 8, 2026
- Days on market
- 25
- Listing agent
- Colleen Hungerford · The Agency Indy
5412311647 · colleen.hungerford@theagencyre.com - Price history
- First asked $350,000
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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.