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25score
$230,000
MLS
Street view209 Faulkner Ct
Carmel IN 46032 · Condo · built 1997
2 bd2 ba1,519 sqft$151/sqft vs ZIP $233 −35%
0.86 lender DSCR (est.)
Rent covers the estimated payment 0.86× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,740/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.
35% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$230,000List price
$1,740Rent estimate / mo
0.86Lender DSCR (est.)
$2,760Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,740 |
| − Mortgage (P&I) | −$1,206 |
| − Taxes | −$230 |
| − Insurance | −$96 |
| − HOA | −$500 |
| = Cash flow before vacancy & repairs | $-292 |
The numbers
- Price
- $230,000
- $ / sq ft
- $151 ZIP median $233
- Rent estimate
- $1,740/mo HUD fair-market rent
- Property taxes
- $2,760/yr assumed 1.2% of price
- PITIA (assumed)
- $2,032/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $500/mo
- Lender DSCR (est.)
- 0.86 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 35% under ZIP $/sqft
The property
- Beds / baths
- 2 / 2
- Living area
- 1,519 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1997
- Property type
- Condo
- HOA
- $500/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22100919
- Listed
- May 8, 2026
- Days on market
- 150
- Listing agent
- Cindy Stockhaus · Better Homes and Gardens Real Estate Gold Key
3173495900 · bhgoldkey@gmail.com - Price history
- First asked $230,000
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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.