Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$749,900

Sale Pending
681 Greenford Trl N, Carmel, IN 46032
3 Beds
4 Baths
3,100 Square Feet
0.07 Acres Lot
Built in 2008
Sale Pending
Units n/a
Checked: 42 minutes ago
Updated: Jun 21, 2025 at 03:11AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,801
Cap Rate
3.3%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.1%

Property Description


0.07 Acres Lot
Built in 2008
Sale Pending
Units n/a

END UNIT on the Monon Trail. 10 minute walk to the heart of Carmel's best dining, festivals, Farmer's market in the summer and Christkindlmarkt in winter. Take in a concert at the Palladium or eat at any number of alfresco dining Midtown Carmel has to offer along the Monon Trail. Versatile floorplan with extra living spaces. Walls of windows along the back flood the rooms with natural light. Enjoy your morning coffee or evening wine on the upper deck or covered porch below. NEW Furnace 12/2024. NEW Refrigerator, oven and Microwave in open kitchen with granite and lots of maple cabinets. New tile in upstairs bathrooms and new tiled shower in master. Custom wine cellar in lower level is a enthusiasts delight. Fireplace in lower level with recessed area and mantle for TV. Ceramic wood plank flooring. Iron spindles on staircase. Epoxy flooring in garage along with built ins for extra storage. Large primary bedroom with separate sitting area overlooking Monon and green space.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Common
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter

HOA

  • Has HOA: Yes
  • HOA Fee: $375/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 290925008001.000018
  • Lot Size: 3049 sqft

Property Information

  • Property Type: Townhouse
  • Style: TraditonalAmerican
  • Year Built: 2008

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air, Natural Gas

Location

  • County: Hamilton

Listing Details


Listed by:
Christina Campins
John Edward Schneider
(317) 460-0140

Source:
MIBOR Broker Listing Cooperative
MLS#: 22025859
MIBOR Broker Listing Cooperative

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,801
Cap Rate
3.3%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.1%

Purchase Details

Find an Agent

Purchase price:
$749,900
Amount financed:
-$599,920
Down payment:
$149,980
Closing costs:
$22,497
Rehab costs:
$0
Initial cash invested:
$172,477
Square feet:
3,100
Cost per square foot:
$242
Monthly rent per square foot:
$1.13

Financing Details

Find a Lender

Loan amount:
$599,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,841
Property tax:
$0
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,086

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (11%)
11%-$375-$4,500
Total operating expenses: (36%)
36%-$1,250-$15,000

Cash Flow


Monthly Yearly
Net operating income:
$2,040 $24,480
Mortgage payments:
-$3,841 -$46,092
Cash flow:
$1,801 $21,612