1 / 6
33score
↓ $25,000
$409,900
MLS
Street view12272 Carriage Stone Dr
Fishers IN 46037 · Single Family · built 2002
4 bd1.5 ba3,195 sqft$128/sqft vs ZIP $177 −28%
0.84 lender DSCR (est.)
Rent covers the estimated payment 0.84× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,520/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.
27% under ZIP $/sqftprice cut 6%
The underwriting
The numbers (estimates, illustrative)
$409,900List price
$2,520Rent estimate / mo
0.84Lender DSCR (est.)
$8,034Taxes / yr · county assessor
$177ZIP median $ / sqft
33/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,520 |
| − Mortgage (P&I) | −$2,150 |
| − Taxes | −$670 |
| − Insurance | −$171 |
| − HOA | −$26 |
| = Cash flow before vacancy & repairs | $-496 |
The numbers
- Price
- $409,900
- $ / sq ft
- $128 ZIP median $177
- Rent estimate
- $2,520/mo HUD fair-market rent
- Property taxes
- $8,034/yr 2% cap on assessed value $401,700
- PITIA (assumed)
- $3,016/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $26/mo
- Lender DSCR (est.)
- 0.84 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 33/100 27% under ZIP $/sqft · price cut 6%
The property
- Beds / baths
- 4 / 1.5
- Living area
- 3,195 sq ft
- Lot
- 6,970 sq ft
- Year built
- 2002
- Property type
- Single Family
- HOA
- $26/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22131918
- Listed
- Oct 16, 2026
- Days on market
- 17
- Listing agent
- Robert E Salmons · Entera Realty
7132489869 · rsalmons@greenletco.com - Price history
- First asked $434,900 · previously $434,900 cut $25,000
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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.