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13score
New
$495,000
MLS
Street view2207 Glebe St
Carmel IN 46032 · Condo · built 2001
3 bd3.5 ba2,352 sqft$210/sqft vs ZIP $233 −10%
0.57 lender DSCR (est.)
Rent covers the estimated payment 0.57× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,252/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.
10% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$495,000List price
$2,252Rent estimate / mo
0.57Lender DSCR (est.)
$5,940Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
13/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,252 |
| − Mortgage (P&I) | −$2,596 |
| − Taxes | −$495 |
| − Insurance | −$206 |
| − HOA | −$622 |
| = Cash flow before vacancy & repairs | $-1,667 |
The numbers
- Price
- $495,000
- $ / sq ft
- $210 ZIP median $233
- Rent estimate
- $2,252/mo HUD fair-market rent
- Property taxes
- $5,940/yr assumed 1.2% of price
- PITIA (assumed)
- $3,919/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $622/mo
- Lender DSCR (est.)
- 0.57 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 13/100 10% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 3.5
- Living area
- 2,352 sq ft
- Lot
- 2,614 sq ft
- Year built
- 2001
- Property type
- Condo
- HOA
- $622/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22129270
- Listed
- Oct 3, 2026
- Days on market
- 2
- Listing agent
- Victoria Hilse · Century 21 Scheetz
3178445111 · vhilse@c21scheetz.com - Price history
- First asked $495,000
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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.