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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Carmel at 1074 Timber Creek Dr UNIT 8, Carmel, IN, 46032 uses $72,930 cash to close to unlock $9,626/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $2,123/mo, and a $1,077/mo payment keeps the spread at $802/mo. Purchase price stands at $220,000, and rental yield measures 11.58% with $2,123/mo rent. Return on cash invested shows 33.11% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 173.43% and total cumulative return in cash records $126,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,123/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46032, Carmel, IN area.
| 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 |
Residential
21,546
Single Family
16,806
Multi-Family
4,740
Businesses
2,596
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ryan Stevens • Fathom Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22043501
