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
2score
↓ $4,999
$495,000
MLS
Street view11830 N Gray Rd
Carmel IN 46033 · Single Family · built 1973
4 bd2.5 ba2,092 sqft$237/sqft vs ZIP $201 +18%
0.76 lender DSCR (est.)
Rent covers the estimated payment 0.76× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,752/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 1%
The underwriting
The numbers (estimates, illustrative)
$495,000List price
$2,752Rent estimate / mo
0.76Lender DSCR (est.)
$9,818Taxes / yr · county assessor
$201ZIP median $ / sqft
2/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,752 |
| − Mortgage (P&I) | −$2,596 |
| − Taxes | −$818 |
| − Insurance | −$206 |
| − HOA | −$8 |
| = Cash flow before vacancy & repairs | $-876 |
The numbers
- Price
- $495,000
- $ / sq ft
- $237 ZIP median $201
- Rent estimate
- $2,752/mo HUD fair-market rent
- Property taxes
- $9,818/yr 2% cap on assessed value $490,900
- PITIA (assumed)
- $3,628/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $8/mo
- Lender DSCR (est.)
- 0.76 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 2/100 price cut 1%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,092 sq ft
- Lot
- 15,682 sq ft
- Year built
- 1973
- Property type
- Single Family
- HOA
- $8/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126568
- Listed
- Sep 17, 2026
- Days on market
- 18
- Listing agent
- Sheila Huerta Eriza · AMR Real Estate LLC
3175066925 · huertasheila@gmail.com - Price history
- First asked $499,999 · previously $499,999 cut $4,999
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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.