1 / 6
18score
$310,000
MLS
Street view9762 Herring Gull Dr
Carmel IN 46280 · Condo · built 2001
2 bd2 ba1,658 sqft$187/sqft vs ZIP $237 −21%
0.70 lender DSCR (est.)
Rent covers the estimated payment 0.70× · 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.
21% under ZIP $/sqft
The underwriting
The numbers (estimates, illustrative)
$310,000List price
$1,772Rent estimate / mo
0.70Lender DSCR (est.)
$3,720Taxes / yr · assumed 1.2%
$237ZIP median $ / sqft
18/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,772 |
| − Mortgage (P&I) | −$1,626 |
| − Taxes | −$310 |
| − Insurance | −$129 |
| − HOA | −$457 |
| = Cash flow before vacancy & repairs | $-750 |
The numbers
- Price
- $310,000
- $ / sq ft
- $187 ZIP median $237
- Rent estimate
- $1,772/mo HUD fair-market rent
- Property taxes
- $3,720/yr assumed 1.2% of price
- PITIA (assumed)
- $2,522/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $457/mo
- Lender DSCR (est.)
- 0.70 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 18/100 21% under ZIP $/sqft
The property
- Beds / baths
- 2 / 2
- Living area
- 1,658 sq ft
- Lot
- 5,663 sq ft
- Year built
- 2001
- Property type
- Condo
- HOA
- $457/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22126153
- Listed
- Sep 24, 2026
- Days on market
- 11
- Listing agent
- Stephanie Evelo · Keller Williams Indy Metro Ne
3178639011 · info@eveloteam.com - Price history
- First asked $310,000
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
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.