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
25score
↓ $15,000
$425,000
MLS
Street view725 E 116th St
Carmel IN 46032 · Single Family · built 1965
4 bd2 ba2,328 sqft$183/sqft vs ZIP $233 −22%
0.89 lender DSCR (est.)
Rent covers the estimated payment 0.89× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,728/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.
22% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$425,000List price
$2,728Rent estimate / mo
0.89Lender DSCR (est.)
$7,820Taxes / yr · county assessor
$233ZIP median $ / sqft
25/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,728 |
| − Mortgage (P&I) | −$2,229 |
| − Taxes | −$652 |
| − Insurance | −$177 |
| = Cash flow before vacancy & repairs | $-329 |
The numbers
- Price
- $425,000
- $ / sq ft
- $183 ZIP median $233
- Rent estimate
- $2,728/mo HUD fair-market rent
- Property taxes
- $7,820/yr 2% cap on assessed value $391,000
- PITIA (assumed)
- $3,057/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 0.89 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 25/100 22% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 4 / 2
- Living area
- 2,328 sq ft
- Lot
- 14,810 sq ft
- Year built
- 1965
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122624
- Listed
- Aug 28, 2026
- Days on market
- 38
- Listing agent
- Monica Scheker · AMR Real Estate LLC
3176194540 · mscheker2home@kw.com - Price history
- First asked $440,000 · previously $440,000 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.