For SaleNeutral Deal0 days on market
5403 Alvamar Pl
5403 Alvamar Pl, Carmel, IN 46033, Carmel, IN 46033
$539,900
Listing Price
5403 Alvamar Pl, Carmel, IN 46033
Loc: Carmel, IN
Days Listed
0
Tax Assessed
$390k
Lot Size
0.32 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.
8
Prairie Trace Elementary School
PK-5
1.1 mi away
9
Clay Middle School
6-8
1.3 mi away
10
Carmel High School
9-12
3.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
colonialbrick exteriortwo-storyattached garagebay windowtraditional architecturegabled rooflandscapedlarge drivewaysuburbanmanicured lawnclassicwell-maintainedred brickcurb appeal
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.46%
Total ROI
99.2%
Cash Flow
$104/mo
DSCR
1.04
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $104/mo net cash flow with a 6.5% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.5%)
- • Strong rental demand in Carmel
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $539,900 | $141 |
| 2005-08-02 | Sold | $255,000 | $67 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,482.24 | $389,600 |
| 2024 | $3,373.58 | $326,900 |
| 2023 | $3,647.24 | $326,900 |
| 2022 | $3,327.04 | $322,200 |
| 2021 | $3,171.24 | $296,600 |
| 2020 | $2,991.72 | $285,000 |
| 2019 | $2,809.86 | $273,600 |
| 2018 | $2,605.34 | $262,000 |
| 2017 | $2,623.02 | $247,200 |
| 2016 | $2,598.7 | $246,600 |
| 2014 | $2,447.1 | $242,000 |
| 2013 | $2,536.3 | $244,200 |
| 2012 | $2,474.46 | $237,600 |
| 2011 | $2,414.96 | $245,200 |
| 2010 | $2,525.18 | $245,200 |
| 2009 | $2,123.1 | $245,200 |
| 2007 | $2,293.52 | $245,200 |
| 2006 | $2,717.96 | $245,200 |
| 2005 | $0 | $195,800 |
| 2002 | $2,208.5 | $119,100 |
| 2001 | $2,241 | $39,700 |
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