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18score
New
$295,000
MLS
Street view9750 Herring Gull Dr
Carmel IN 46280 · Condo · built 2000
2 bd2 ba1,483 sqft$199/sqft vs ZIP $237 −16%
0.75 lender DSCR (est.)
Rent covers the estimated payment 0.75× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,772/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.
16% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$295,000List price
$1,772Rent estimate / mo
0.75Lender DSCR (est.)
$3,540Taxes / yr · assumed 1.2%
$237ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,772 |
| − Mortgage (P&I) | −$1,547 |
| − Taxes | −$295 |
| − Insurance | −$123 |
| − HOA | −$409 |
| = Cash flow before vacancy & repairs | $-602 |
The numbers
- Price
- $295,000
- $ / sq ft
- $199 ZIP median $237
- Rent estimate
- $1,772/mo HUD fair-market rent
- Property taxes
- $3,540/yr assumed 1.2% of price
- PITIA (assumed)
- $2,374/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $409/mo
- Lender DSCR (est.)
- 0.75 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 16% under ZIP $/sqft · new this week
The property
- Beds / baths
- 2 / 2
- Living area
- 1,483 sq ft
- Lot
- 5,663 sq ft
- Year built
- 2000
- Property type
- Condo
- HOA
- $409/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22125316
- Listed
- Sep 28, 2026
- Days on market
- 7
- Listing agent
- Diane Brooks · F.C. Tucker Company - Carmel
3175901048 · homesinindy@gmail.com - Price history
- First asked $295,000
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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.