1 / 6
0score
$5,750,000
MLS
Street view12411 Hoover Rd
Carmel IN 46032 · Single Family · built 2008
6 bd6.5 ba11,295 sqft$509/sqft vs ZIP $233 +118%
0.07 lender DSCR (est.)
Rent covers the estimated payment 0.07× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,670/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.
The underwriting
The numbers (estimates, illustrative)
$5,750,000List price
$2,670Rent estimate / mo
0.07Lender DSCR (est.)
$53,182Taxes / yr · county assessor
$233ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,670 |
| − Mortgage (P&I) | −$30,154 |
| − Taxes | −$4,432 |
| − Insurance | −$2,396 |
| = Cash flow before vacancy & repairs | $-34,311 |
The numbers
- Price
- $5,750,000
- $ / sq ft
- $509 ZIP median $233
- Rent estimate
- $2,670/mo HUD fair-market rent
- Property taxes
- $53,182/yr 2% cap on assessed value $2,659,100
- PITIA (assumed)
- $36,981/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.07 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 6 / 6.5
- Living area
- 11,295 sq ft
- Lot
- 217,800 sq ft
- Year built
- 2008
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123971
- Listed
- Sep 9, 2026
- Days on market
- 54
- Listing agent
- Mike & Melanie · Century 21 Scheetz
3178445111 · mm@scheetzteam.com - Price history
- First asked $5,750,000
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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.