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
1 / 6
16score
↓ $20,000
$530,000
MLS
Street view738 Howe Dr
Carmel IN 46032 · Single Family · built 1989
4 bd2.5 ba2,532 sqft$209/sqft vs ZIP $233 −10%
0.75 lender DSCR (est.)
Rent covers the estimated payment 0.75× · 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.
10% under ZIP $/sqftprice cut 4%
The underwriting
The numbers (estimates, illustrative)
$530,000List price
$2,728Rent estimate / mo
0.75Lender DSCR (est.)
$7,388Taxes / yr · county assessor
$233ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,728 |
| − Mortgage (P&I) | −$2,779 |
| − Taxes | −$616 |
| − Insurance | −$221 |
| − HOA | −$17 |
| = Cash flow before vacancy & repairs | $-905 |
The numbers
- Price
- $530,000
- $ / sq ft
- $209 ZIP median $233
- Rent estimate
- $2,728/mo HUD fair-market rent
- Property taxes
- $7,388/yr 2% cap on assessed value $369,400
- PITIA (assumed)
- $3,633/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $17/mo
- Lender DSCR (est.)
- 0.75 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 10% under ZIP $/sqft · price cut 4%
The property
- Beds / baths
- 4 / 2.5
- Living area
- 2,532 sq ft
- Lot
- 11,761 sq ft
- Year built
- 1989
- Property type
- Single Family
- HOA
- $17/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22122595
- Listed
- Aug 27, 2026
- Days on market
- 39
- Listing agent
- Miranda Schubert · Weichert REALTORS® Cooper Grou
3179898251 · import-agent-48692@kunversion.com - Price history
- First asked $550,000 · previously $550,000 cut $20,000
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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.