11557 Larkspur LnCarmelIN46032
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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
Rental property for sale in Carmel at 11557 Larkspur Ln, Carmel, IN, 46032 generates $5,180/mo in rent and, after a $3,099/mo payment, leaves $869/mo in cash flow. Total monthly income is $5,180/mo, and annual cash flow is $10,424/yr on $208,323 invested. Return on cash invested sits at 25.06% in year one, and rental yield is 9.82% on a $633,200 entry. Equity gained on principal adds $4,086/yr, while 5% annual appreciation builds toward $174,941 over five years. Five-year ROI reaches 131.27% and total cumulative return in cash sums $273,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,180/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.80 Acres lot
$N/A/sqft
$300 monthly 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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