12515 Timber Creek Dr UNIT 8CarmelIN46032
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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 12515 Timber Creek Dr UNIT 8, Carmel, IN, 46032 offers a 10.07% rental yield on a $257,500 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,260/mo payment leaves $615/mo available for distribution. Annual cash flow reaches $7,375/yr on $85,361 to close, and return on cash invested stands at 28.55% in year one. Equity gained on principal adds $1,662/yr while 5% annual appreciation supports $71,143 over five years. Portfolio math shows five-year ROI at 148.96% and total cumulative return in cash at $127,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,260/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
1,306 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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