OFF_MARKETExcellent Deal5 days on market

512 Lexington Blvd

512 Lexington Blvd, Carmel, IN 46032, Carmel, IN 46032
$498,000
Zestimate®:$482,500

Listing Price

Property image 1
512 Lexington Blvd, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
5
Tax Assessed
$335k
Zestimate®
$483k
Market Rate
Lot Size
0.36 acres
Rent Estimate
$2,499/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.

8

Carmel Elementary School

PK-5
0.1 mi away
8

Carmel Middle School

6-8
1.2 mi away
10

Carmel High School

9-12
0.5 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
7.59%
Total ROI
27.6%
Cash Flow
$633/mo
DSCR
1.25
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-02Listing removed$498,000$332
2026-06-05Listing removed$3,800$3
2026-05-08Listed for sale$498,000$332
2026-04-14Listed for rent$3,800$3
2026-03-19Listing removed$498,000$332
2026-03-04Listed for sale$498,000$332
2023-06-09Sold$385,000$257
2023-05-24Pending sale$374,500$250
2023-05-20Listed for sale$374,500$250
2021-03-24Listing removed$0
2016-06-02Listing removed$199,000$133
2016-03-04Pending sale$199,000$133
2016-02-18Listed for sale$199,000$133

Tax History

YearProperty TaxTax Assessment
2025$3,481$334,700
2024$3,703.8$326,800
2023$3,328.44$354,200
2022$2,564.8$294,000
2021$1,933.32$235,400
2020$3,665.94$188,500
2019$3,631.16$178,400
2018$3,584.54$178,400
2017$815.5$176,700
2016$1,648.5$172,100
2014$1,526.18$169,600
2013$1,563.94$169,600
2012$1,571.48$169,000
2011$1,349.38$158,900
2010$1,410.96$158,900
2009$1,186.3$158,900
2007$1,172.36$148,800
2006$1,041.96$123,600
2005$0$111,900
2002$1,145.38$66,100
2001$1,156.86$22,030
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
1,486
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: $498,000Rent Basis: Observed Comp Model ($2,499/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $145/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.74%

NOI: $18,640/yr

Cash-on-Cash Yield
-10.8%

On $114,540 invested

DSCR Ratio
0.60x

Negative debt coverage

5-Yr Leveraged ROI
+40.2%

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)-$226/mo
Homeowner / Hazard Insurance-$145/mo
Vacancy Reserve (5% of rent)-$125/mo
Repairs & Maintenance (10% of rent)-$250/mo
Property Management (8% of rent)-$200/mo
Total Pure Operating Expenses-$946/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,499/mo
Less: Operating Expenses-$946/mo
Net Operating Income (NOI)+$1,553/mo
Less: Debt Service (30yr @ 6.75%)-$2,584/mo
Net Cash Flow
$-1,031/mo
$-12,368/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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