Last confirmed active 17 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
10score
↓ $249,000
$4,550,000
MLS
Street view415 Springwood Dr
Carmel IN 46032 · Single Family · built 2006
5 bd7.5 ba17,015 sqft$267/sqft vs ZIP $233 +15%
0.08 lender DSCR (est.)
Rent covers the estimated payment 0.08× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,728/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.
price cut 5%
The underwriting
The numbers (estimates, illustrative)
$4,550,000List price
$2,728Rent estimate / mo
0.08Lender DSCR (est.)
$66,252Taxes / yr · county assessor
$233ZIP median $ / sqft
10/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,728 |
| − Mortgage (P&I) | −$23,861 |
| − Taxes | −$5,521 |
| − Insurance | −$1,896 |
| − HOA | −$1,000 |
| = Cash flow before vacancy & repairs | $-29,550 |
The numbers
- Price
- $4,550,000
- $ / sq ft
- $267 ZIP median $233
- Rent estimate
- $2,728/mo HUD fair-market rent
- Property taxes
- $66,252/yr 2% cap on assessed value $3,312,600
- PITIA (assumed)
- $32,278/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $1,000/mo
- Lender DSCR (est.)
- 0.08 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 10/100 price cut 5%
The property
- Beds / baths
- 5 / 7.5
- Living area
- 17,015 sq ft
- Lot
- 74,488 sq ft
- Year built
- 2006
- Property type
- Single Family
- HOA
- $1,000/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22092344
- Listed
- Mar 31, 2026
- Days on market
- 188
- Listing agent
- Jason O'neil · Circle Real Estate
3176200074 · jason@circle-re.com - Price history
- First asked $4,799,000 · previously $4,799,000 cut $249,000
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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.