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0score
$549,000
MLS
Street view640 N Rangeline Rd
Carmel IN 46032 · Single Family · built 1921
2 bd1 ba1,013 sqft$542/sqft vs ZIP $233 +133%
0.45 lender DSCR (est.)
Rent covers the estimated payment 0.45× · walk-away floor 1.20 · medium 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 from the county assessor. Assumptions as of 2026-09-12.
The underwriting
The numbers (estimates, illustrative)
$549,000List price
$1,727Rent estimate / mo
0.45Lender DSCR (est.)
$8,656Taxes / yr · county assessor
$233ZIP median $ / sqft
0/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$2,879 |
| − Taxes | −$721 |
| − Insurance | −$229 |
| = Cash flow before vacancy & repairs | $-2,102 |
The numbers
- Price
- $549,000
- $ / sq ft
- $542 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $8,656/yr 2% cap on assessed value $432,800
- PITIA (assumed)
- $3,829/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.45 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 0/100
The property
- Beds / baths
- 2 / 1
- Living area
- 1,013 sq ft
- Lot
- 10,890 sq ft
- Year built
- 1921
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22096733
- Listed
- Apr 30, 2026
- Days on market
- 158
- Listing agent
- Karey B. · F.C. Tucker Company - Noblesville
3177760200 · kareyb@talktotucker.com - Price history
- First asked $549,000
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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.