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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Carmel at 12873 Tradd St APT 2B, Carmel, IN, 46032 generates $2,160/mo in rent and, after a $1,248/mo payment, leaves $132/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $1,588/yr on $84,532 invested. Return on cash invested sits at 21.79% in year one, and rental yield is 10.16% on a $254,999 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 115.28% and total cumulative return in cash sums $97,447. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$394 monthly HOA
Neighborhood data shown for ZIP Code: 46032, Carmel, IN area.
| 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 |
Residential
21,546
Single Family
16,806
Multi-Family
4,740
Businesses
2,596
Date | Event | Price |
|---|---|---|
| 2025-05-01 | Listed for sale | $254,999 |
| 2020-04-10 | Listing removed | $1,299 |
| 2020-02-03 | Price change | $1,299 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $3352.60 | 13.19% | $198,300 | 19.24% |
| 2023-05-01 | $2961.90 | 15.35% | $166,300 | 15.81% |
| 2022-05-01 | $2567.70 | 9.63% | $143,600 | 15.90% |
Listed by: Joy Shoaf • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22036002
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-01 07:17:53 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
