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37score
$184,900
MLS
Street view581 W Hunters Dr
Carmel IN 46032 · Condo · built 1974
2 bd1 ba1,156 sqft$160/sqft vs ZIP $233 −31%
1.09 lender DSCR (est.)
Rent covers the estimated payment 1.09× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,691/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.
31% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$184,900List price
$1,691Rent estimate / mo
1.09Lender DSCR (est.)
$2,219Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
37/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,691 |
| − Mortgage (P&I) | −$970 |
| − Taxes | −$185 |
| − Insurance | −$77 |
| − HOA | −$323 |
| = Cash flow before vacancy & repairs | $136 |
The numbers
- Price
- $184,900
- $ / sq ft
- $160 ZIP median $233
- Rent estimate
- $1,691/mo HUD fair-market rent
- Property taxes
- $2,219/yr assumed 1.2% of price
- PITIA (assumed)
- $1,555/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $323/mo
- Lender DSCR (est.)
- 1.09 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 37/100 31% under ZIP $/sqft
The property
- Beds / baths
- 2 / 1
- Living area
- 1,156 sq ft
- Lot
- 3,485 sq ft
- Year built
- 1974
- Property type
- Condo
- HOA
- $323/mo
- Flood zone
- X
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22131345
- Listed
- Oct 15, 2026
- Days on market
- 18
- Listing agent
- Blake Miller · F.C. Tucker Company - Keystone at the Crossing
3172596000 · blakemiller@talktotucker.com - Price history
- First asked $184,900
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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.