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
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5score
$3,250,000
MLS
Street view720 S Rangeline Rd
Carmel IN 46032 · Condo · built 2010
3 bd3.5 ba3,765 sqft$863/sqft vs ZIP $233 +270%
0.10 lender DSCR (est.)
Rent covers the estimated payment 0.10× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,235/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)
$3,250,000List price
$2,235Rent estimate / mo
0.10Lender DSCR (est.)
$39,000Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
5/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,235 |
| − Mortgage (P&I) | −$17,043 |
| − Taxes | −$3,250 |
| − Insurance | −$1,354 |
| − HOA | −$1,000 |
| = Cash flow before vacancy & repairs | $-20,413 |
The numbers
- Price
- $3,250,000
- $ / sq ft
- $863 ZIP median $233
- Rent estimate
- $2,235/mo HUD fair-market rent
- Property taxes
- $39,000/yr assumed 1.2% of price
- PITIA (assumed)
- $22,648/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $1,000/mo
- Lender DSCR (est.)
- 0.10 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 5/100 below assessed value
The property
- Beds / baths
- 3 / 3.5
- Living area
- 3,765 sq ft
- Lot
- —
- Year built
- 2010
- Property type
- Condo
- HOA
- $1,000/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22072662
- Listed
- Dec 1, 2025
- Days on market
- 308
- Listing agent
- Craig Kaiser · COLDWELL BANKER KAISER
3178441131 · craig@cbkaiser.com - Price history
- First asked $3,250,000
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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.