OFF_MARKETExcellent Deal1 days on market

11509 Nicole Ct

11509 Nicole Ct, Carmel, IN 46032, Carmel, IN 46032
$925,000
Zestimate®:$1,263,100$338,100 Under Market

Listing Price

Property image 1
11509 Nicole Ct, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
1
Tax Assessed
$625k
Zestimate®
$1263k
27% Under Valued
Lot Size
0.93 acres
Rent Estimate
$4,756/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

9

Towne Meadow Elementary School

PK-5
0.9 mi away
9

Creekside Middle School

6-8
1.1 mi away
10

Carmel High School

9-12
5.6 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
7.70%
Total ROI
28.2%
Cash Flow
$1,258/mo
DSCR
1.27
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-29Sold$1,250,000$308
2026-05-20Pending sale$925,000$228
2026-05-12Listed for sale$925,000$228
2015-08-28Sold$480,000$118
2015-08-12Pending sale$485,000$120
2015-07-29Price change$485,000$120
2015-07-18Price change$484,900$120
2015-07-05Price change$485,000$120
2015-06-26Price change$489,900$121
2015-06-08Listed for sale$499,900$123
2007-07-12Sold$405,000$100
2001-08-31Sold$275,200$68

Tax History

YearProperty TaxTax Assessment
2025$5,773.36$624,900
2024$5,872.62$510,400
2023$4,965.14$502,100
2022$4,571.08$434,800
2021$4,578.88$403,800
2020$4,755.4$406,600
2019$4,754$422,000
2018$4,744.96$422,000
2017$4,715.8$421,200
2016$3,878.24$425,000
2014$3,699.92$339,900
2010$2,402.16$296,700
2009$1,823.84$296,700
2007$2,314.44$296,700
2006$2,861.84$296,700
2005$0$272,000
2002$3,063.18$186,100
2001$3,174.46$62,040
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
6
Baths
4
Sq Ft
4,057
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $925,000Rent Basis: Observed Comp Model ($4,756/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $270/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.85%

NOI: $35,644/yr

Cash-on-Cash Yield
-10.3%

On $212,750 invested

DSCR Ratio
0.62x

Negative debt coverage

5-Yr Leveraged ROI
+42.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.81% of basis)-$422/mo
Homeowner / Hazard Insurance-$270/mo
Vacancy Reserve (5% of rent)-$238/mo
Repairs & Maintenance (10% of rent)-$476/mo
Property Management (8% of rent)-$380/mo
Total Pure Operating Expenses-$1,786/mo
Net Investor Cash Flow
Gross Scheduled Rent+$4,756/mo
Less: Operating Expenses-$1,786/mo
Net Operating Income (NOI)+$2,970/mo
Less: Debt Service (30yr @ 6.75%)-$4,800/mo
Net Cash Flow
$-1,829/mo
$-21,952/year
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