1105 E Greyhound Pass, Carmel, IN, 46032 | 7.13% Rental Yield

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1105 E Greyhound Pass, Carmel, IN, 46032 | 7.13% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Carmel at 1105 E Greyhound Pass, Carmel, IN, 46032 generates $2,822/mo in rent, after a $2,325/mo payment. Total monthly income is $2,822/mo. Return on cash invested sits at 19.68% in year one, and rental yield is 7.13% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 101.4% and total cumulative return in cash sums $159,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,822/mo property income rather than buyer’s personal income.

Single Family

Built in 1975

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 4BR/2.5BA Home in Village Farms on Nearly 1/2 Acre! Spacious 2-story sits on .46-acre lot & offers endless potential. Main level features welcoming Family Rm, formal Dining Rm, & Kitchen w/ granite countertops & maple cabinets. Enjoy the Living Rm w/ beamed ceiling, built-in shelving, & cozy wood-burning fireplace, plus bright 3-Seasons Sunroom, Laundry Rm, & half bath. Upstairs, the Primary Suite includes double closets & private bath. 3 additional BRs share full bath w/double sinks. Full basement offers excellent storage & future finishing options. Relax or entertain on the deck overlooking the privacy-fenced backyard. HUD home being sold as-is.

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