14906 Mia DrCarmelIN46033
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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 14906 Mia Dr, Carmel, IN, 46033 uses $111,053 cash to close to unlock $9,969/yr annual cash flow and $831/mo monthly cash flow. Total monthly income runs $2,842/mo, and a $1,640/mo payment keeps the spread at $831/mo. Purchase price stands at $335,000, and rental yield measures 10.18% with $2,842/mo rent. Return on cash invested shows 28.89% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 150.73% and total cumulative return in cash records $167,384. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,842/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46033, Carmel, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,917 (100%) |
| Owner Occupied HU | 12,869 (86.3%) |
| Renter Occupied HU | 1,667 (11.2%) |
| Vacant Housing Units | 381 ( 2.6%) |
| Median Home Value | $493,077 |
| Average Home Value | $583,511 |
Housing Distribution
Address Breakdown
Residential
14,650
Single Family
14,251
Multi-Family
399
Businesses
255
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