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5score
New
$360,000
MLS
Street view2092 Hodges Dr
Carmel IN 46280 · Single Family · built 1989
2 bd2 ba1,392 sqft$259/sqft vs ZIP $237 +9%
0.70 lender DSCR (est.)
Rent covers the estimated payment 0.70× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,722/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.
new this week
The underwriting
The numbers (estimates, illustrative)
$360,000List price
$1,722Rent estimate / mo
0.70Lender DSCR (est.)
$4,320Taxes / yr · assumed 1.2%
$237ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,722 |
| − Mortgage (P&I) | −$1,888 |
| − Taxes | −$360 |
| − Insurance | −$150 |
| − HOA | −$75 |
| = Cash flow before vacancy & repairs | $-751 |
The numbers
- Price
- $360,000
- $ / sq ft
- $259 ZIP median $237
- Rent estimate
- $1,722/mo HUD fair-market rent
- Property taxes
- $4,320/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 $75/mo
- Lender DSCR (est.)
- 0.70 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 new this week
The property
- Beds / baths
- 2 / 2
- Living area
- 1,392 sq ft
- Lot
- 6,534 sq ft
- Year built
- 1989
- Property type
- Single Family
- HOA
- $75/mo
- Flood zone
- X
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22126022
- Listed
- Oct 31, 2026
- Days on market
- 3
- Listing agent
- Patty Morton · Berkshire Hathaway HomeServices Indiana Realty
3175907700 · patty@pattymorton.com - Price history
- First asked $360,000
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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.