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21score
$489,900
MLS
Street view856 S Park Trail Dr
Carmel IN 46032 · Condo · built 2018
4 bd3.5 ba2,614 sqft$187/sqft vs ZIP $233 −20%
0.69 lender DSCR (est.)
Rent covers the estimated payment 0.69× · 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.
19% under ZIP $/sqftbelow assessed value
The underwriting
The numbers (estimates, illustrative)
$489,900List price
$2,728Rent estimate / mo
0.69Lender DSCR (est.)
$9,920Taxes / yr · county assessor
$233ZIP median $ / sqft
21/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,728 |
| − Mortgage (P&I) | −$2,569 |
| − Taxes | −$827 |
| − Insurance | −$204 |
| − HOA | −$331 |
| = Cash flow before vacancy & repairs | $-1,203 |
The numbers
- Price
- $489,900
- $ / sq ft
- $187 ZIP median $233
- Rent estimate
- $2,728/mo HUD fair-market rent
- Property taxes
- $9,920/yr 2% cap on assessed value $496,000
- PITIA (assumed)
- $3,931/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $331/mo
- Lender DSCR (est.)
- 0.69 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 21/100 19% under ZIP $/sqft · below assessed value
The property
- Beds / baths
- 4 / 3.5
- Living area
- 2,614 sq ft
- Lot
- 2,614 sq ft
- Year built
- 2018
- Property type
- Condo
- HOA
- $331/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22100454
- Listed
- May 7, 2026
- Days on market
- 151
- Listing agent
- Kurt Meyer · F.C. Tucker Company - Noblesville
3177760200 · kurtmeyer@talktotucker.com - Price history
- First asked $489,900
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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.