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11score
$485,000
MLS
Street view3504 Modesto Ln
Carmel IN 46074 · Single Family · built 2005
4 bd2.5 ba2,655 sqft$183/sqft vs ZIP $211 −13%
0.81 lender DSCR (est.)
Rent covers the estimated payment 0.81× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,647/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.
13% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$485,000List price
$2,647Rent estimate / mo
0.81Lender DSCR (est.)
$5,820Taxes / yr · assumed 1.2%
$211ZIP median $ / sqft
11/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,647 |
| − Mortgage (P&I) | −$2,543 |
| − Taxes | −$485 |
| − Insurance | −$202 |
| − HOA | −$38 |
| = Cash flow before vacancy & repairs | $-621 |
The numbers
- Price
- $485,000
- $ / sq ft
- $183 ZIP median $211
- Rent estimate
- $2,647/mo HUD fair-market rent
- Property taxes
- $5,820/yr assumed 1.2% of price
- PITIA (assumed)
- $3,268/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $38/mo
- Lender DSCR (est.)
- 0.81 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 11/100 13% under ZIP $/sqft
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,655 sq ft
- Lot
- 8,276 sq ft
- Year built
- 2005
- Property type
- Single Family
- HOA
- $38/mo
- Flood zone
- X
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22132361
- Listed
- Oct 20, 2026
- Days on market
- 14
- Listing agent
- Patrick Tumbarello · F.C. Tucker Company - Fishers/Geist
3179185994 · patrick@homesofindiana.com - Price history
- First asked $485,000
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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.