11549 Creek Side LnCarmelIN46033
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 11549 Creek Side Ln, Carmel, IN, 46033 in Carmel deserves attention. This $419,900 property earns $3,750/mo in rent, a 10.72% gross yield, and nets $1,219/mo after the $1,991/mo payment. DSCR 1.88 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $116,011 compounds alongside $3,520/yr in yearly equity build, for a total cumulative return of $230,079.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.0% |
| Monthly Cash Flow | $1,219 | $300 |
City averages based on Carmel market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,750 |
| Total Monthly Debt Service | $2,456 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46033, Carmel, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,917 (100%) |
| Owner Occupied HU | 12,869 (86.3%) |
| Renter Occupied HU | 1,667 (11.2%) |
| Vacant Housing Units | 381 ( 2.6%) |
| Median Home Value | $493,077 |
| Average Home Value | $583,511 |
Housing Distribution
Address Breakdown
Residential
14,650
Single Family
14,251
Multi-Family
399
Businesses
255
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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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