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17score
New
$459,000
MLS
Street view531 E Village Dr
Carmel IN 46032 · Single Family · built 1977
4 bd3 ba2,300 sqft$200/sqft vs ZIP $233 −14%
0.89 lender DSCR (est.)
Rent covers the estimated payment 0.89× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,748/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.
14% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$459,000List price
$2,748Rent estimate / mo
0.89Lender DSCR (est.)
$5,508Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
17/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,748 |
| − Mortgage (P&I) | −$2,407 |
| − Taxes | −$459 |
| − Insurance | −$191 |
| − HOA | −$29 |
| = Cash flow before vacancy & repairs | $-338 |
The numbers
- Price
- $459,000
- $ / sq ft
- $200 ZIP median $233
- Rent estimate
- $2,748/mo HUD fair-market rent
- Property taxes
- $5,508/yr assumed 1.2% of price
- PITIA (assumed)
- $3,086/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $29/mo
- Lender DSCR (est.)
- 0.89 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 17/100 14% under ZIP $/sqft · new this week
The property
- Beds / baths
- 4 / 3
- Living area
- 2,300 sq ft
- Lot
- 39,640 sq ft
- Year built
- 1977
- Property type
- Single Family
- HOA
- $29/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22127109
- Listed
- Oct 2, 2026
- Days on market
- 3
- Listing agent
- Joan Rubenstein · F.C. Tucker Company - Carmel
3178467751 · talk2joanr@aol.com - Price history
- First asked $459,000
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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.