OFF_MARKETExcellent Deal1 days on market

3587 Seminole Dr

3587 Seminole Dr, Carmel, IN 46032, Carmel, IN 46032
$424,900
Zestimate®:$423,600

Listing Price

Property image 1
3587 Seminole Dr, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
1
Tax Assessed
$367k
Zestimate®
$424k
Market Rate
Lot Size
6,970 sqft
Rent Estimate
$2,524/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
1.4 mi away
9

Creekside Middle School

6-8
2.7 mi away
10

Carmel High School

9-12
6.4 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
7.32%
Total ROI
26.3%
Cash Flow
$443/mo
DSCR
1.21
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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
2026-06-15Sold$420,000$222
2026-06-08Listed for sale$419,900$221
2026-05-22Pending sale$419,900$221
2026-05-21Price change$419,900$221
2026-05-12Listed for sale$424,900$224

Tax History

YearProperty TaxTax Assessment
2025$3,996.64$367,300
2024$3,085.68$368,100
2023$3,397.8$303,100
2022$2,954.1$300,000
2021$2,534.18$264,300
2020$2,437.62$233,100
2019$2,249.12$227,500
2018$2,126.88$215,000
2017$2,253.76$206,300
2016$2,107.66$212,000
2014$1,976.66$200,400
2010$1,623.58$212,000
2009$1,232.7$212,000
2007$1,554.14$212,000
2006$1,762.9$198,200
2005$0$172,000
2002$947.84$60,800
2001$956.02$20,270
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,896
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: $424,900Rent Basis: Observed Comp Model ($2,524/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $124/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.44%

NOI: $18,859/yr

Cash-on-Cash Yield
-7.8%

On $97,727 invested

DSCR Ratio
0.71x

Negative debt coverage

5-Yr Leveraged ROI
+55.3%

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)-$248/mo
Homeowner / Hazard Insurance-$124/mo
Vacancy Reserve (5% of rent)-$126/mo
Repairs & Maintenance (10% of rent)-$252/mo
Property Management (8% of rent)-$202/mo
Total Pure Operating Expenses-$952/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,524/mo
Less: Operating Expenses-$952/mo
Net Operating Income (NOI)+$1,572/mo
Less: Debt Service (30yr @ 6.75%)-$2,205/mo
Net Cash Flow
$-633/mo
$-7,598/year
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3587 Seminole Dr | Carmel, IN | Haven AI Analysis | Haven by ScoutHavens