155 Aspen Way, Carmel, IN, 46032 | $333/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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155 Aspen Way, Carmel, IN, 46032 | $333/mo Cash Flow | Ziffy

For Sale

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 155 Aspen Way, Carmel, IN, 46032 offers a 8.56% rental yield on a $295,000 purchase with $2,104/mo rent. Total monthly income registers $2,104/mo, and a $1,444/mo payment leaves $333/mo available for distribution. Annual cash flow reaches $3,996/yr on $97,793 to close, and return on cash invested stands at 24% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 124.56% and total cumulative return in cash at $121,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,104/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1978

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 155 Aspen Way, Carmel, IN - Your Ideal Condo in the Heart of Carmel! You'll love this beautifully maintained 3-bedroom, 2.5-bath condo perfectly situated near downtown Carmel. Greet your guests on the inviting private front patio, then step into a bright and sunny living room highlighted by a large picture window and gleaming engineered hardwood floors that flow throughout the main level. The spacious kitchen features abundant counter space, updated soft-close cabinets, an extra-deep sink, pantry, and a breakfast bar, seamlessly connecting to the dining area. Step out the back door to enjoy a peaceful, tree-lined backyard-perfect for morning coffee or evening relaxation. Upstairs, unwind in the oversized primary suite complete with dual closets and a luxurious ensuite bath featuring a dual vanity and subway-tiled shower. Two additional generously sized bedrooms and a full bath provide plenty of space for family or guests. You'll love the new carpet in the basement and 2nd level, giving the home a fresh and comfortable feel. The finished basement offers a versatile bonus room, ideal for a game room, movie room, or home office, plus ample storage space. The property also includes a two-car detached garage for added convenience. Enjoy community amenities including a pool and clubhouse and take advantage of the unbeatable location-just minutes from the Monon Trail, The Palladium, downtown Carmel shopping, dining, and entertainment. Don't miss this incredible opportunity to make 155 Aspen Way your new home and enjoy all that Carmel living has to offer!

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