OFF_MARKETExcellent Deal43 days on market

415 Springwood Dr

415 Springwood Dr, Carmel, IN 46032, Carmel, IN 46032
$5,900,000

Listing Price

Property image 1
415 Springwood Dr, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
43
Tax Assessed
$3132k
Lot Size
1.71 acres
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

Clay Center Elementary School

PK-5
1.4 mi away
9

Creekside Middle School

6-8
3.3 mi away
10

Carmel High School

9-12
3.5 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
7.98%
Total ROI
29.6%
Cash Flow
$9,415/mo
DSCR
1.32
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Checking Access...

Haven AI

Analyzing property data...

Checking Access...

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-19Price change$4,799,000$276
2026-05-22Price change$5,250,000$302
2026-03-31Listed for sale$5,900,000$340
2021-02-26Sold$3,000,000$173
2017-08-29Sold$2,500,000$144
2017-08-23Pending sale$2,850,000$164
2017-06-08Listed for sale$2,850,000$164
2015-12-03Listing removed$3,650,000$210
2015-05-05Price change$3,650,000$210
2014-10-30Price change$3,799,900$219
2014-08-12Listed for sale$3,999,900$230
2004-12-17Sold$699,900$40

Tax History

YearProperty TaxTax Assessment
2025$54,874.84$3,131,600
2024$55,877.48$2,746,900
2023$52,835.56$2,771,700
2022$29,142.98$2,561,600
2021$29,446.62$2,378,100
2020$29,456.92$2,402,100
2019$29,284.76$2,405,100
2018$27,884.12$2,428,800
2017$48,473.42$2,306,300
2016$48,928.28$2,363,000
2014$46,531.16$2,377,800
2010$28,301.3$2,613,900
2009$22,822.5$2,766,000
2007$17,023.7$1,318,900
2006$5,694.9$459,000
2005$0$459,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
10
Sq Ft
17,368
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: $5,900,000Rent Basis: Modeled Estimate ($47,200/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $1,721/mo
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.61%

NOI: $390,110/yr

Cash-on-Cash Yield
1.7%

On $1,357,000 invested

DSCR Ratio
1.06x

Tight qualification

5-Yr Leveraged ROI
+102.6%

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)-$2,114/mo
Homeowner / Hazard Insurance-$1,721/mo
Vacancy Reserve (5% of rent)-$2,360/mo
Repairs & Maintenance (10% of rent)-$4,720/mo
Property Management (8% of rent)-$3,776/mo
Total Pure Operating Expenses-$14,691/mo
Net Investor Cash Flow
Gross Scheduled Rent+$47,200/mo
Less: Operating Expenses-$14,691/mo
Net Operating Income (NOI)+$32,509/mo
Less: Debt Service (30yr @ 6.75%)-$30,614/mo
Net Cash Flow
$1,895/mo
$22,744/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Carmel.