11214 Ruckle StCarmelIN46032
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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
Investment Highlights
Investment property for sale in Carmel at 11214 Ruckle St, Carmel, IN, 46032 uses $119,307 cash to close to unlock $4,405/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $2,528/mo, and a $1,762/mo payment keeps the spread at $367/mo. Purchase price stands at $359,900, and rental yield measures 8.43% with $2,528/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash records $146,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,528/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1995
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,546
Single Family
16,806
Multi-Family
4,740
Businesses
2,596
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