1405 Stoney Creek Cir, Carmel, IN, 46032 | $3,839/mo Cash Flow

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1405 Stoney Creek Cir, Carmel, IN, 46032 | $3,839/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Carmel at 1405 Stoney Creek Cir, Carmel, IN, 46032 listed at $639,900 pairs $7,680/mo rent with a $3,132/mo payment to leave $3,839/mo cash flow. Total monthly income runs $7,680/mo, and annual cash flow reaches $46,065/yr on $210,527 cash to close. Return on cash invested measures 41.94% in year one, and rental yield registers 14.4% at a $639,900 basis. Equity gained on principal adds $4,129/yr, and annual property appreciation at 5% supports $176,793 by year five. Five-year ROI tracks 220.71% and total cumulative return in cash totals $464,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,680/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1988

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful home located on huge 0.63 acres lot in HIGHLY desirable Springmill Crossing! Fully fenced rear yard is perfect for your kids or furry friends! Very well maintained with new roof and Hardie plank siding (both in 2021), New windows in 2019, and water heater (2024). Tons of cabinets in kitchen, granite counters, formal dining room, and gorgeous vaulted Family room. Screened porch is perfect for coffee mornings or chill evenings overlooking the private back yard. Basement is finished and spacious! Full bath for guests is a bonus in this neighborhood! Community swimming pool, tennis courts, pickleball, and Swim Team for the kiddos. Carmel schools - what's not to love?! Hurry, won't last! Open Sun 3-5p (9/14).

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