1 / 6
12score
New
$245,000
MLS
Street view12598 Tennyson Ln
Carmel IN 46032 · Condo · built 1997
2 bd2 ba1,083 sqft$226/sqft vs ZIP $233 −3%
0.86 lender DSCR (est.)
Rent covers the estimated payment 0.86× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,691/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.
new this weekbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$245,000List price
$1,691Rent estimate / mo
0.86Lender DSCR (est.)
$2,940Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
12/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,691 |
| − Mortgage (P&I) | −$1,285 |
| − Taxes | −$245 |
| − Insurance | −$102 |
| − HOA | −$330 |
| = Cash flow before vacancy & repairs | $-271 |
The numbers
- Price
- $245,000
- $ / sq ft
- $226 ZIP median $233
- Rent estimate
- $1,691/mo HUD fair-market rent
- Property taxes
- $2,940/yr assumed 1.2% of price
- PITIA (assumed)
- $1,962/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $330/mo
- Lender DSCR (est.)
- 0.86 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 12/100 new this week · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,083 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1997
- Property type
- Condo
- HOA
- $330/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22133859
- Listed
- Oct 29, 2026
- Days on market
- 5
- Listing agent
- Matthew Schumacker · eXp Realty, LLC
3177052500 · mschumacker@c21scheetz.com - Price history
- First asked $245,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.