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
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10score
$300,000
MLS
Street view1423 Shadow Ridge Rd
Carmel IN 46280 · Condo · built 2001
2 bd2 ba1,446 sqft$207/sqft vs ZIP $237 −12%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,759/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.
12% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$300,000List price
$1,759Rent estimate / mo
0.69Lender DSCR (est.)
$5,414Taxes / yr · county assessor
$237ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,759 |
| − Mortgage (P&I) | −$1,573 |
| − Taxes | −$451 |
| − Insurance | −$125 |
| − HOA | −$402 |
| = Cash flow before vacancy & repairs | $-792 |
The numbers
- Price
- $300,000
- $ / sq ft
- $207 ZIP median $237
- Rent estimate
- $1,759/mo HUD fair-market rent
- Property taxes
- $5,414/yr 2% cap on assessed value $270,700
- PITIA (assumed)
- $2,551/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $402/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 12% under ZIP $/sqft
The property
- Beds / baths
- 2 / 2
- Living area
- 1,446 sq ft
- Lot
- 5,663 sq ft
- Year built
- 2001
- Property type
- Condo
- HOA
- $402/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22126339
- Listed
- Sep 18, 2026
- Days on market
- 17
- Listing agent
- David Cronnin, Agent · AMR Real Estate LLC
3175235895 · david@davidcronnin.com - Price history
- First asked $300,000 · previously $285,000
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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.