1 / 6
0score
$345,000
MLS
Street view13111 Old Meridian St
Carmel IN 46032 · Condo · built 2024
2 bd2 ba1,361 sqft$253/sqft vs ZIP $233 +9%
0.68 lender DSCR (est.)
Rent covers the estimated payment 0.68× · 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.
The underwriting
The numbers (estimates, illustrative)
$345,000List price
$1,691Rent estimate / mo
0.68Lender DSCR (est.)
$4,140Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,691 |
| − Mortgage (P&I) | −$1,809 |
| − Taxes | −$345 |
| − Insurance | −$144 |
| − HOA | −$175 |
| = Cash flow before vacancy & repairs | $-782 |
The numbers
- Price
- $345,000
- $ / sq ft
- $253 ZIP median $233
- Rent estimate
- $1,691/mo HUD fair-market rent
- Property taxes
- $4,140/yr assumed 1.2% of price
- PITIA (assumed)
- $2,473/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $175/mo
- Lender DSCR (est.)
- 0.68 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 2
- Living area
- 1,361 sq ft
- Lot
- —
- Year built
- 2024
- Property type
- Condo
- HOA
- $175/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129052
- Listed
- Oct 5, 2026
- Days on market
- 28
- Listing agent
- Terry Brown · CENTURY 21 Scheetz
3178145500 · tbrown@c21scheetz.com - Price history
- First asked $345,000
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.