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24score
$405,000
MLS
Street view11812 Harvard Ln
Carmel IN 46032 · Condo · built 2005
3 bd3.5 ba2,458 sqft$165/sqft vs ZIP $233 −29%
0.68 lender DSCR (est.)
Rent covers the estimated payment 0.68× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,188/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.
29% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$405,000List price
$2,188Rent estimate / mo
0.68Lender DSCR (est.)
$7,296Taxes / yr · county assessor
$233ZIP median $ / sqft
24/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,188 |
| − Mortgage (P&I) | −$2,124 |
| − Taxes | −$608 |
| − Insurance | −$169 |
| − HOA | −$330 |
| = Cash flow before vacancy & repairs | $-1,043 |
The numbers
- Price
- $405,000
- $ / sq ft
- $165 ZIP median $233
- Rent estimate
- $2,188/mo HUD fair-market rent
- Property taxes
- $7,296/yr 2% cap on assessed value $364,800
- PITIA (assumed)
- $3,231/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $330/mo
- Lender DSCR (est.)
- 0.68 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 24/100 29% under ZIP $/sqft
The property
- Beds / baths
- 3 / 3.5
- Living area
- 2,458 sq ft
- Lot
- 2,614 sq ft
- Year built
- 2005
- Property type
- Condo
- HOA
- $330/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129859
- Listed
- Oct 15, 2026
- Days on market
- 18
- Listing agent
- Nick Laviolette · Compass of Indiana, LLC
3178735391 · nick@thelavgroup.com - Price history
- First asked $405,000
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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.