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30score
$429,900
MLS
Street view3586 Seminole Dr
Carmel IN 46032 · Single Family · built 1999
3 bd3 ba2,788 sqft$154/sqft vs ZIP $233 −34%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,235/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes from the county assessor. Assumptions as of 2026-09-12.
34% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$429,900List price
$2,235Rent estimate / mo
0.69Lender DSCR (est.)
$8,808Taxes / yr · county assessor
$233ZIP median $ / sqft
30/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,235 |
| − Mortgage (P&I) | −$2,254 |
| − Taxes | −$734 |
| − Insurance | −$179 |
| − HOA | −$83 |
| = Cash flow before vacancy & repairs | $-1,016 |
The numbers
- Price
- $429,900
- $ / sq ft
- $154 ZIP median $233
- Rent estimate
- $2,235/mo HUD fair-market rent
- Property taxes
- $8,808/yr 2% cap on assessed value $440,400
- PITIA (assumed)
- $3,251/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $83/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 30/100 34% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 3 / 3
- Living area
- 2,788 sq ft
- Lot
- 5,663 sq ft
- Year built
- 1999
- Property type
- Single Family
- HOA
- $83/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22105796
- Listed
- Jun 4, 2026
- Days on market
- 123
- Listing agent
- Michelle Dumas · eXp Realty, LLC
3173400241 · michelle.dumas@exprealty.com - Price history
- First asked $429,900
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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.