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
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7score
↓ $15,000
$414,900
MLS
Street view5828 Applegate Ct
Carmel IN 46033 · Single Family · built 1997
3 bd2.5 ba2,050 sqft$202/sqft vs ZIP $201 +1%
0.76 lender DSCR (est.)
Rent covers the estimated payment 0.76× · 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 4%
The underwriting
The numbers (estimates, illustrative)
$414,900List price
$2,260Rent estimate / mo
0.76Lender DSCR (est.)
$6,838Taxes / yr · county assessor
$201ZIP median $ / sqft
7/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,260 |
| − Mortgage (P&I) | −$2,176 |
| − Taxes | −$570 |
| − Insurance | −$173 |
| − HOA | −$48 |
| = Cash flow before vacancy & repairs | $-706 |
The numbers
- Price
- $414,900
- $ / sq ft
- $202 ZIP median $201
- Rent estimate
- $2,260/mo HUD fair-market rent
- Property taxes
- $6,838/yr 2% cap on assessed value $341,900
- PITIA (assumed)
- $2,966/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $48/mo
- Lender DSCR (est.)
- 0.76 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 7/100 price cut 4%
The property
- Beds / baths
- 3 / 2.5
- Living area
- 2,050 sq ft
- Lot
- 10,454 sq ft
- Year built
- 1997
- Property type
- Single Family
- HOA
- $48/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22107820
- Listed
- Jun 12, 2026
- Days on market
- 115
- Listing agent
- Dan Braun · D. Braun & Company
3176915390 · dan@theindyagent.com - Price history
- First asked $429,900 · previously $424,900 cut $15,000
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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.