Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
11score
$385,000
MLS
Street view14207 Mcnichols Way
Carmel IN 46033 · Condo · built 2019
3 bd3.5 ba2,194 sqft$175/sqft vs ZIP $201 −13%
0.80 lender DSCR (est.)
Rent covers the estimated payment 0.80× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,260/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.
13% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$385,000List price
$2,260Rent estimate / mo
0.80Lender DSCR (est.)
$6,624Taxes / yr · county assessor
$201ZIP median $ / sqft
11/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,260 |
| − Mortgage (P&I) | −$2,019 |
| − Taxes | −$552 |
| − Insurance | −$160 |
| − HOA | −$82 |
| = Cash flow before vacancy & repairs | $-553 |
The numbers
- Price
- $385,000
- $ / sq ft
- $175 ZIP median $201
- Rent estimate
- $2,260/mo HUD fair-market rent
- Property taxes
- $6,624/yr 2% cap on assessed value $331,200
- PITIA (assumed)
- $2,813/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $82/mo
- Lender DSCR (est.)
- 0.80 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 11/100 13% under ZIP $/sqft
The property
- Beds / baths
- 3 / 3.5
- Living area
- 2,194 sq ft
- Lot
- 1,742 sq ft
- Year built
- 2019
- Property type
- Condo
- HOA
- $82/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22123205
- Listed
- Aug 29, 2026
- Days on market
- 37
- Listing agent
- Zach Syrus · Compass of Indiana, LLC
3172502768 · zach@searsandsyrusrealty.com - Price history
- First asked $385,000
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.