OFF_MARKETNeutral Deal19 days on market

13121 Irwin Way

13121 Irwin Way, Carmel, IN 46032, Carmel, IN 46032
$725,000
Zestimate®:$706,200

Listing Price

Property image 1
13121 Irwin Way, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
19
Tax Assessed
$666k
Zestimate®
$706k
Market Rate
Lot Size
0.55 acres
Rent Estimate
$5,125/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

Smoky Row Elementary School

PK-5
0.7 mi away
8

Carmel Middle School

6-8
1.3 mi away
10

Carmel High School

9-12
2.5 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
5.40%
Total ROI
16.7%
Cash Flow
$-401/mo
DSCR
0.89
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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
2026-06-03Listing removed$725,000$157
2026-04-24Listed for sale$725,000$157
2023-02-05Listing removed$0
2022-12-23Listed for rent$3,300$1
2021-08-04Listing removed$0
2021-06-22Pending sale$525,000$114
2021-06-16Listed for sale$525,000$114

Tax History

YearProperty TaxTax Assessment
2025$7,624.2$666,200
2024$5,790.36$668,800
2023$5,239.3$526,700
2022$4,817.34$459,300
2021$4,280.76$426,600
2020$4,137.48$379,200
2019$4,129.3$366,700
2018$5,879.25$366,700
2017$3,884.02$344,000
2016$4,070.74$350,600
2014$3,741.98$343,800
2013$3,567.3$327,800
2012$3,597.12$330,500
2011$3,617.6$342,600
2010$3,782.7$342,600
2009$3,180.4$342,600
2007$3,499.6$348,900
2006$4,147.22$348,900
2005$0$300,700
2002$3,696.9$193,300
2001$3,764.36$64,430
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
4
Sq Ft
4,599
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: $725,000Rent Basis: Observed Comp Model ($5,125/mo)State Tax Benchmark: 0.81% (IN)Hazard Reserve: $211/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.44%

NOI: $39,427/yr

Cash-on-Cash Yield
-3.4%

On $166,750 invested

DSCR Ratio
0.87x

Negative debt coverage

5-Yr Leveraged ROI
+77.1%

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)-$450/mo
Homeowner / Hazard Insurance-$211/mo
Vacancy Reserve (5% of rent)-$256/mo
Repairs & Maintenance (10% of rent)-$513/mo
Property Management (8% of rent)-$410/mo
Total Pure Operating Expenses-$1,839/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,125/mo
Less: Operating Expenses-$1,839/mo
Net Operating Income (NOI)+$3,286/mo
Less: Debt Service (30yr @ 6.75%)-$3,762/mo
Net Cash Flow
$-476/mo
$-5,716/year
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