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0score
New Construction
$3,950,000
MLS
Street view21 Cardinal Ln
Carmel IN 46032 · Single Family · built 2026
5 bd7 ba4,692 sqft$842/sqft vs ZIP $233 +261%
0.10 lender DSCR (est.)
Rent covers the estimated payment 0.10× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,748/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.
The underwriting
The numbers (estimates, illustrative)
$3,950,000List price
$2,748Rent estimate / mo
0.10Lender DSCR (est.)
$47,400Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,748 |
| − Mortgage (P&I) | −$20,714 |
| − Taxes | −$3,950 |
| − Insurance | −$1,646 |
| = Cash flow before vacancy & repairs | $-23,562 |
The numbers
- Price
- $3,950,000
- $ / sq ft
- $842 ZIP median $233
- Rent estimate
- $2,748/mo HUD fair-market rent
- Property taxes
- $47,400/yr assumed 1.2% of price
- PITIA (assumed)
- $26,310/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 5 / 7
- Living area
- 4,692 sq ft
- Lot
- 33,106 sq ft
- Year built
- 2026
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- New Construction
- MLS #
- 22125459
- Listed
- Sep 11, 2026
- Days on market
- 24
- Listing agent
- Carrie Holle · Compass of Indiana, LLC
3173392259 · carrie@carriehollegroup.com - Price history
- First asked $3,950,000
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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.