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6score
$740,000
MLS
Street view14038 Springmill Ponds Cir
Carmel IN 46032 · Single Family · built 1994
4 bd3 ba3,410 sqft$217/sqft vs ZIP $233 −7%
0.50 lender DSCR (est.)
Rent covers the estimated payment 0.50× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,670/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes from the county assessor. Assumptions as of 2026-09-12.
The underwriting
The numbers (estimates, illustrative)
$740,000List price
$2,670Rent estimate / mo
0.50Lender DSCR (est.)
$12,482Taxes / yr · county assessor
$233ZIP median $ / sqft
6/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,670 |
| − Mortgage (P&I) | −$3,881 |
| − Taxes | −$1,040 |
| − Insurance | −$308 |
| − HOA | −$82 |
| = Cash flow before vacancy & repairs | $-2,641 |
The numbers
- Price
- $740,000
- $ / sq ft
- $217 ZIP median $233
- Rent estimate
- $2,670/mo HUD fair-market rent
- Property taxes
- $12,482/yr 2% cap on assessed value $624,100
- PITIA (assumed)
- $5,311/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $82/mo
- Lender DSCR (est.)
- 0.50 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 6/100
The property
- Beds / baths
- 4 / 3
- Living area
- 3,410 sq ft
- Lot
- 13,504 sq ft
- Year built
- 1994
- Property type
- Single Family
- HOA
- $82/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22130630
- Listed
- Oct 9, 2026
- Days on market
- 24
- Listing agent
- Jill Dunbar · F.C. Tucker Company - Zionsville
3178735391 · jdunbar@talktotucker.com - Price history
- First asked $740,000
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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.