1 / 6
0score
Flood zone
$1,650,000
MLS
Street view507 Cornwall Ct
Carmel IN 46032 · Single Family · built 1984
4 bd4 ba5,698 sqft$290/sqft vs ZIP $233 +24%
0.24 lender DSCR (est.)
Rent covers the estimated payment 0.24× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,670/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.
flood zone
The underwriting
The numbers (estimates, illustrative)
$1,650,000List price
$2,670Rent estimate / mo
0.24Lender DSCR (est.)
$19,800Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,670 |
| − Mortgage (P&I) | −$8,653 |
| − Taxes | −$1,650 |
| − Insurance | −$688 |
| − HOA | −$39 |
| = Cash flow before vacancy & repairs | $-8,359 |
The numbers
- Price
- $1,650,000
- $ / sq ft
- $290 ZIP median $233
- Rent estimate
- $2,670/mo HUD fair-market rent
- Property taxes
- $19,800/yr assumed 1.2% of price
- PITIA (assumed)
- $11,029/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $39/mo
- Lender DSCR (est.)
- 0.24 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100 flood zone
The property
- Beds / baths
- 4 / 4
- Living area
- 5,698 sq ft
- Lot
- 89,298 sq ft
- Year built
- 1984
- Property type
- Single Family
- HOA
- $39/mo
- Flood zone
- AE · special flood hazard area
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22129875
- Listed
- Oct 22, 2026
- Days on market
- 9
- Listing agent
- Johanna Gallagher · The Springmill Collective
3177278107 · jgallagher@bhhsin.com - Price history
- First asked $1,650,000
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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.