1036 Cavendish Dr, Carmel, IN, 46032 | $510/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1036 Cavendish Dr, Carmel, IN, 46032 | $510/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

- Bed
- Bath
- sft

1616 Asherwood Ln, Carmel, IN, 46032

3 Bed
4 Bath
2039 sft

1972 Rhettsbury St, Carmel, IN, 46032

3 Bed
4 Bath
2232 sft

473 Sheets Dr, Carmel, IN, 46032

4 Bed
4 Bath
2108 sft

2436 Gwinnett St, Carmel, IN, 46032

Nearby investment properties with comparable prices

3 Bed
3 Bath
2250 sft

7425 Buttonbush Ct, Indianapolis, IN, 46254

4 Bed
2 Bath
2282 sft

1205 W 78th St, Indianapolis, IN, 46260

3 Bed
3 Bath
1766 sft

5476 Rockspray Cir, Indianapolis, IN, 46254

4 Bed
3 Bath
1848 sft

6744 Dorchester Dr, Zionsville, IN, 46077

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Rental property for sale in Carmel at 1036 Cavendish Dr, Carmel, IN, 46032 generates $2,460/mo in rent and, after a $1,590/mo payment, leaves $510/mo in cash flow. Total monthly income is $2,460/mo, and annual cash flow is $6,119/yr on $107,704 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 9.09% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 133.05% and total cumulative return in cash sums $143,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.

Townhouse

Built in 2003

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

Move-in ready townhouse in desirable Providence at Old Meridian located in the heart of Carmel. Open and inviting spaces with high ceilings, natural light, hardwood flooring and neutral finishes. Great room flows into kitchen featuring center island breakfast bar, cozy hearth room with gas fireplace and private balcony deck. Updated lighting throughout. Upstairs find 2 primary bedroom suites, both with vaulted ceilings, large walk in closets and en-suite full bathrooms, each with linen closet. Lower level bonus room is perfect for use as an office, rec or exercise room with an adjacent storage room plus two car attached finished garage. NEW in 2025: Oven/Range, Dishwasher, Kitchen Sink, Interior Paint & Shower Door. New air conditioner 2022. Don't miss the community amenities included with low HOA fee: pool, billiard rm, golf simulator, priv. movie theater, large fitness center, coffee shop & business center. Prime location is walking distance to shopping/dining and only minutes from Carmel Arts & Design District and Monon Trail. Top-rated Carmel schools.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46032, Carmel, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,816 (100%)
Owner Occupied HU	13,773 (57.8%)
Renter Occupied HU	8,288 (34.8%)
Vacant Housing Units	1,755 ( 7.4%)
Median Home Value	$512,292
Average Home Value	$642,862