13056 Grand Vue DrCarmelIN46032
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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 13056 Grand Vue Dr, Carmel, IN, 46032 generates $3,202/mo in rent and, after a $2,190/mo payment, leaves $457/mo in cash flow. Total monthly income is $3,202/mo, and annual cash flow is $5,485/yr on $148,346 invested. Return on cash invested sits at 23.61% in year one, and rental yield is 8.59% on a $447,500 entry. Equity gained on principal adds $2,888/yr, while 5% annual appreciation builds toward $123,636 over five years. Five-year ROI reaches 122.62% and total cumulative return in cash sums $181,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,202/mo property income rather than buyer’s personal income.
Condo
Built in 2016
1,742 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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