OFF_MARKETExcellent Deal2 days on market
121 1st St SE
121 1st St SE, Carmel, IN 46032, Carmel, IN 46032
121 1st St SE, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
2
Tax Assessed
$490k
Zestimate®
$625k
Market Rate
Lot Size
9,583 sqft
Rent Estimate
$2,754/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
0.3 mi away
8
Carmel Middle School
6-8
0.9 mi away
10
Carmel High School
9-12
0.3 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
7.63%
Total ROI
27.8%
Cash Flow
$909/mo
DSCR
1.26
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-14 | Sold | $650,000 | $286 |
| 2026-08-16 | Pending sale | $650,000 | $286 |
| 2026-07-23 | Price change | $650,000 | $286 |
| 2026-06-19 | Price change | $675,000 | $297 |
| 2026-05-11 | Listed for sale | $699,500 | $308 |
| 2025-12-04 | Listing removed | $725,000 | $319 |
| 2025-11-13 | Price change | $725,000 | $319 |
| 2025-10-01 | Price change | $749,000 | $329 |
| 2025-09-16 | Price change | $755,000 | $332 |
| 2025-08-29 | Listed for sale | $795,000 | $350 |
| 2016-08-31 | Sold | $265,000 | $117 |
| 2016-08-05 | Pending sale | $265,000 | $117 |
| 2016-07-15 | Price change | $265,000 | $117 |
| 2016-06-22 | Price change | $269,900 | $119 |
| 2016-05-10 | Price change | $275,000 | $121 |
| 2016-03-22 | Listed for sale | $280,000 | $123 |
| 2015-03-05 | Sold | $250,000 | $110 |
| 2015-01-27 | Listed for sale | $259,000 | $114 |
| 2011-02-11 | Listing removed | $235,000 | $103 |
| 2010-06-12 | Price change | $235,000 | $103 |
| 2010-05-08 | Price change | $240,000 | $106 |
| 2010-04-17 | Price change | $250,000 | $110 |
| 2010-03-06 | Listed for sale | $299,900 | $132 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,643.42 | $490,000 |
| 2024 | $3,945.32 | $419,900 |
| 2023 | $3,324.18 | $373,100 |
| 2022 | $2,836.9 | $296,700 |
| 2021 | $2,840.02 | $260,000 |
| 2020 | $2,734.14 | $260,200 |
| 2019 | $2,710.84 | $254,100 |
| 2018 | $2,556.74 | $254,300 |
| 2017 | $2,303.66 | $243,300 |
| 2016 | $1,971.72 | $222,400 |
| 2014 | $1,769.34 | $188,500 |
| 2013 | $1,721.86 | $181,500 |
| 2012 | $1,474.28 | $161,400 |
| 2011 | $1,052.56 | $134,700 |
| 2010 | $1,100.6 | $134,700 |
| 2009 | $1,005.84 | $142,100 |
| 2007 | $975.94 | $131,800 |
| 2006 | $1,305.88 | $142,700 |
| 2005 | $0 | $109,400 |
| 2002 | $374.4 | $27,600 |
| 2001 | $378.22 | $9,200 |
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: $699,500Rent Basis: Observed Comp Model ($2,754/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $204/mo
Haven ScoreRisky
0/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
2.72%
NOI: $19,030/yr
Cash-on-Cash Yield
-15.2%
On $160,885 invested
DSCR Ratio
0.44x
Negative debt coverage
5-Yr Leveraged ROI
+18.0%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.81% of basis)-$331/mo
Homeowner / Hazard Insurance-$204/mo
Vacancy Reserve (5% of rent)-$138/mo
Repairs & Maintenance (10% of rent)-$275/mo
Property Management (8% of rent)-$220/mo
Total Pure Operating Expenses-$1,168/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,754/mo
Less: Operating Expenses-$1,168/mo
Net Operating Income (NOI)+$1,586/mo
Less: Debt Service (30yr @ 6.75%)-$3,630/mo
Net Cash Flow
$-2,044/mo
$-24,525/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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