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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23score
↓ $5,050
$234,950
MLS
Street view12873 Tradd St
Carmel IN 46032 · Condo · built 2002
2 bd2 ba1,211 sqft$194/sqft vs ZIP $233 −17%
0.87 lender DSCR (est.)
Rent covers the estimated payment 0.87× · 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.
17% under ZIP $/sqftprice cut 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$234,950List price
$1,727Rent estimate / mo
0.87Lender DSCR (est.)
$2,819Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$235 |
| − Insurance | −$98 |
| − HOA | −$410 |
| = Cash flow before vacancy & repairs | $-248 |
The numbers
- Price
- $234,950
- $ / sq ft
- $194 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $2,819/yr assumed 1.2% of price
- PITIA (assumed)
- $1,975/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $410/mo
- Lender DSCR (est.)
- 0.87 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 17% under ZIP $/sqft · price cut 2% · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,211 sq ft
- Lot
- 1,307 sq ft
- Year built
- 2002
- Property type
- Condo
- HOA
- $410/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22117744
- Listed
- Aug 2, 2026
- Days on market
- 64
- Listing agent
- Raveendran Dudhlur · Forthright Real Estate
3177920340 · frontlineindyhomes@gmail.com - Price history
- First asked $240,000 · previously $240,000 cut $5,050
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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.