1 / 6
16score
$800,000
MLS
Street view3870 Coventry Way
Carmel IN 46033 · Single Family · built 1975
5 bd3.5 ba4,857 sqft$165/sqft vs ZIP $202 −18%
0.49 lender DSCR (est.)
Rent covers the estimated payment 0.49× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,694/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.
19% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$800,000List price
$2,694Rent estimate / mo
0.49Lender DSCR (est.)
$11,030Taxes / yr · county assessor
$202ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,694 |
| − Mortgage (P&I) | −$4,195 |
| − Taxes | −$919 |
| − Insurance | −$333 |
| − HOA | −$8 |
| = Cash flow before vacancy & repairs | $-2,762 |
The numbers
- Price
- $800,000
- $ / sq ft
- $165 ZIP median $202
- Rent estimate
- $2,694/mo HUD fair-market rent
- Property taxes
- $11,030/yr 2% cap on assessed value $551,500
- PITIA (assumed)
- $5,456/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $8/mo
- Lender DSCR (est.)
- 0.49 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 19% under ZIP $/sqft
The property
- Beds / baths
- 5 / 3.5
- Living area
- 4,857 sq ft
- Lot
- 29,621 sq ft
- Year built
- 1975
- Property type
- Single Family
- HOA
- $8/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122018
- Listed
- Aug 26, 2026
- Days on market
- 68
- Listing agent
- Christy Kalavsky · Berkshire Hathaway HomeServices Indiana Realty
3178796271 · christykalavsky@gmail.com - Price history
- First asked $800,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.