1 / 6
0score
$824,900
MLS
Street view350 Millridge Dr
Carmel IN 46290 · Single Family · built 1997
3 bd3.5 ba3,516 sqft$235/sqft vs ZIP $235 −0%
0.34 lender DSCR (est.)
Rent covers the estimated payment 0.34× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,041/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)
$824,900List price
$2,041Rent estimate / mo
0.34Lender DSCR (est.)
$9,899Taxes / yr · assumed 1.2%
$235ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,041 |
| − Mortgage (P&I) | −$4,326 |
| − Taxes | −$825 |
| − Insurance | −$344 |
| − HOA | −$500 |
| = Cash flow before vacancy & repairs | $-3,953 |
The numbers
- Price
- $824,900
- $ / sq ft
- $235 ZIP median $235
- Rent estimate
- $2,041/mo HUD fair-market rent
- Property taxes
- $9,899/yr assumed 1.2% of price
- PITIA (assumed)
- $5,994/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $500/mo
- Lender DSCR (est.)
- 0.34 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 3 / 3.5
- Living area
- 3,516 sq ft
- Lot
- 10,019 sq ft
- Year built
- 1997
- Property type
- Single Family
- HOA
- $500/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22095796
- Listed
- May 13, 2026
- Days on market
- 145
- Listing agent
- Gb Landrigan, Crs · GB Landrigan & Company
3172550255 · gb@landrigan.com - Price history
- First asked $824,900
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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.