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
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13score
↓ $1,500
$257,500
MLS
Street view12863 Tradd St
Carmel IN 46032 · Condo · built 2002
2 bd2 ba1,205 sqft$214/sqft vs ZIP $233 −8%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · 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.
8% under ZIP $/sqftprice cut 1%below assessed value
The underwriting
The numbers (estimates, illustrative)
$257,500List price
$1,727Rent estimate / mo
0.80Lender DSCR (est.)
$3,090Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
13/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$1,350 |
| − Taxes | −$258 |
| − Insurance | −$107 |
| − HOA | −$437 |
| = Cash flow before vacancy & repairs | $-425 |
The numbers
- Price
- $257,500
- $ / sq ft
- $214 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $3,090/yr assumed 1.2% of price
- PITIA (assumed)
- $2,152/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $437/mo
- Lender DSCR (est.)
- 0.80 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 13/100 8% under ZIP $/sqft · price cut 1% · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,205 sq ft
- Lot
- —
- Year built
- 2002
- Property type
- Condo
- HOA
- $437/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126612
- Listed
- Sep 17, 2026
- Days on market
- 18
- Listing agent
- Ashton Harris · The Stewart Home Group
3177521021 · ashton@cowan-realty.com - Price history
- First asked $259,000 · previously $259,000 cut $1,500
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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.