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22score
$217,500
MLS
Street view12519 Timber Creek Dr
Carmel IN 46032 · Condo · built 1989
2 bd2 ba1,070 sqft$203/sqft vs ZIP $233 −13%
1.01 lender DSCR (est.)
Rent covers the estimated payment 1.01× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,727/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
13% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$217,500List price
$1,727Rent estimate / mo
1.01Lender DSCR (est.)
$2,610Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
22/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$1,141 |
| − Taxes | −$218 |
| − Insurance | −$91 |
| − HOA | −$268 |
| = Cash flow before vacancy & repairs | $10 |
The numbers
- Price
- $217,500
- $ / sq ft
- $203 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $2,610/yr assumed 1.2% of price
- PITIA (assumed)
- $1,717/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $268/mo
- Lender DSCR (est.)
- 1.01 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 22/100 13% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,070 sq ft
- Lot
- 13,068 sq ft
- Year built
- 1989
- Property type
- Condo
- HOA
- $268/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22092334
- Listed
- Apr 2, 2026
- Days on market
- 184
- Listing agent
- Dana Holt · Keller Williams Indpls Metro N
3178466300 · danasuzann67@gmail.com - Price history
- First asked $217,500
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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.