Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
13score
↓ $31,900
$818,000
MLS
Street view6523 Paddle Dr
Carmel IN 46033 · Single Family · built 2011
5 bd3.5 ba4,310 sqft$190/sqft vs ZIP $201 −6%
0.46 lender DSCR (est.)
Rent covers the estimated payment 0.46× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,752/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)
$818,000List price
$2,752Rent estimate / mo
0.46Lender DSCR (est.)
$15,164Taxes / yr · county assessor
$201ZIP median $ / sqft
13/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,752 |
| − Mortgage (P&I) | −$4,290 |
| − Taxes | −$1,264 |
| − Insurance | −$341 |
| − HOA | −$83 |
| = Cash flow before vacancy & repairs | $-3,225 |
The numbers
- Price
- $818,000
- $ / sq ft
- $190 ZIP median $201
- Rent estimate
- $2,752/mo HUD fair-market rent
- Property taxes
- $15,164/yr 2% cap on assessed value $758,200
- PITIA (assumed)
- $5,977/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $83/mo
- Lender DSCR (est.)
- 0.46 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 13/100 price cut 4%
The property
- Beds / baths
- 5 / 3.5
- Living area
- 4,310 sq ft
- Lot
- 15,246 sq ft
- Year built
- 2011
- Property type
- Single Family
- HOA
- $83/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22116392
- Listed
- Jul 30, 2026
- Days on market
- 67
- Listing agent
- Andy Stephenson · @properties
3176069214 · andystephenson@atpropertiesind.com - Price history
- First asked $849,900 · previously $849,900 cut $31,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.