120 3rd St NWCarmelIN46032
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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 120 3rd St NW, Carmel, IN, 46032 with 5% annual appreciation on a $442,200 basis while $3,244/mo rent supports operations. Total monthly income totals $3,244/mo and a $2,164/mo payment preserves $479/mo for cash returns. Annual cash flow comes to $5,743/yr on $146,589 deployed, and return on cash invested reaches 23.83% in year one. Equity gained on principal adds $2,853/yr, and five-year appreciation sums $122,172 alongside rental yield of 8.8%. Five-year ROI measures 123.95% and total cumulative return in cash totals $181,697.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,244/mo property income versus a $2,164/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
6,534 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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