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
15score
↓ $28,000
$499,000
MLS
Street view5006 Essex Dr
Carmel IN 46033 · Single Family · built 1986
3 bd2 ba2,643 sqft$189/sqft vs ZIP $201 −6%
0.64 lender DSCR (est.)
Rent covers the estimated payment 0.64× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,260/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 6%
The underwriting
The numbers (estimates, illustrative)
$499,000List price
$2,260Rent estimate / mo
0.64Lender DSCR (est.)
$8,000Taxes / yr · county assessor
$201ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,260 |
| − Mortgage (P&I) | −$2,617 |
| − Taxes | −$667 |
| − Insurance | −$208 |
| − HOA | −$42 |
| = Cash flow before vacancy & repairs | $-1,273 |
The numbers
- Price
- $499,000
- $ / sq ft
- $189 ZIP median $201
- Rent estimate
- $2,260/mo HUD fair-market rent
- Property taxes
- $8,000/yr 2% cap on assessed value $400,000
- PITIA (assumed)
- $3,533/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $42/mo
- Lender DSCR (est.)
- 0.64 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 6%
The property
- Beds / baths
- 3 / 2
- Living area
- 2,643 sq ft
- Lot
- 15,246 sq ft
- Year built
- 1986
- Property type
- Single Family
- HOA
- $42/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22114222
- Listed
- Jul 30, 2026
- Days on market
- 67
- Listing agent
- Amy Mccormick · Carpenter Realtors, Carmel
3175238887 · aenglert@callcarpenter.com - Price history
- First asked $527,000 · previously $527,000 cut $28,000
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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.