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16score
$315,000
MLS
Street view1296 Shadow Ridge Rd
Carmel IN 46280 · Condo · built 2001
2 bd2 ba1,650 sqft$191/sqft vs ZIP $237 −19%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,772/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.
19% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$315,000List price
$1,772Rent estimate / mo
0.69Lender DSCR (est.)
$3,780Taxes / yr · assumed 1.2%
$237ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,772 |
| − Mortgage (P&I) | −$1,652 |
| − Taxes | −$315 |
| − Insurance | −$131 |
| − HOA | −$455 |
| = Cash flow before vacancy & repairs | $-781 |
The numbers
- Price
- $315,000
- $ / sq ft
- $191 ZIP median $237
- Rent estimate
- $1,772/mo HUD fair-market rent
- Property taxes
- $3,780/yr assumed 1.2% of price
- PITIA (assumed)
- $2,553/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $455/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 19% under ZIP $/sqft
The property
- Beds / baths
- 2 / 2
- Living area
- 1,650 sq ft
- Lot
- 5,663 sq ft
- Year built
- 2001
- Property type
- Condo
- HOA
- $455/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22128127
- Listed
- Sep 26, 2026
- Days on market
- 9
- Listing agent
- Janko Realty Group - Tony Janko And Toni Eads · Janko Realty Group
3174301608 · tonieads@jankorealtygroup.com - Price history
- First asked $315,000
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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.