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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5score
New Construction
$1,825,000
MLS
Street view607 Veterans Way
Carmel IN 46032 · Condo · built 2025
2 bd2.5 ba2,374 sqft$769/sqft vs ZIP $233 +230%
0.13 lender DSCR (est.)
Rent covers the estimated payment 0.13× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,727/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.
below assessed value
The underwriting
The numbers (estimates, illustrative)
$1,825,000List price
$1,727Rent estimate / mo
0.13Lender DSCR (est.)
$21,900Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$9,570 |
| − Taxes | −$1,825 |
| − Insurance | −$760 |
| − HOA | −$999 |
| = Cash flow before vacancy & repairs | $-11,428 |
The numbers
- Price
- $1,825,000
- $ / sq ft
- $769 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $21,900/yr assumed 1.2% of price
- PITIA (assumed)
- $13,155/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $999/mo
- Lender DSCR (est.)
- 0.13 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 2 / 2.5
- Living area
- 2,374 sq ft
- Lot
- 1.44 acres
- Year built
- 2025
- Property type
- Condo
- HOA
- $999/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- New Construction
- MLS #
- 22091405
- Listed
- May 7, 2026
- Days on market
- 151
- Listing agent
- Jason O'neil · Circle Real Estate
3176200074 · jason@circle-re.com - Price history
- First asked $1,825,000
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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.