1 / 6
23score
New↓ $40,000
$885,000
MLS
Street view985 Oscar Ln
Carmel IN 46032 · Single Family · built 2009
3 bd3 ba4,558 sqft$194/sqft vs ZIP $233 −17%
0.34 lender DSCR (est.)
Rent covers the estimated payment 0.34× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $2,188/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.
17% under ZIP $/sqftprice cut 5%
The underwriting
The numbers (estimates, illustrative)
$885,000List price
$2,188Rent estimate / mo
0.34Lender DSCR (est.)
$12,354Taxes / yr · county assessor
$233ZIP median $ / sqft
23/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,188 |
| − Mortgage (P&I) | −$4,641 |
| − Taxes | −$1,030 |
| − Insurance | −$369 |
| − HOA | −$350 |
| = Cash flow before vacancy & repairs | $-4,201 |
The numbers
- Price
- $885,000
- $ / sq ft
- $194 ZIP median $233
- Rent estimate
- $2,188/mo HUD fair-market rent
- Property taxes
- $12,354/yr 2% cap on assessed value $617,700
- PITIA (assumed)
- $6,389/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $350/mo
- Lender DSCR (est.)
- 0.34 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 23/100 17% under ZIP $/sqft · price cut 5%
The property
- Beds / baths
- 3 / 3
- Living area
- 4,558 sq ft
- Lot
- 7,841 sq ft
- Year built
- 2009
- Property type
- Single Family
- HOA
- $350/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22129029
- Listed
- Oct 29, 2026
- Days on market
- 61 relisted — counted from when we first saw it
- Listing agent
- Jennil Salazar · Compass Indiana, LLC
3176106252 · jennilsalazar5@gmail.com - Price history
- First asked $925,000 · previously $925,000 cut $40,000
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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.