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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% |
Investment property for sale in Carmel at 1921 E 116th St, Carmel, IN, 46032 listed at $1,200,000 pairs $2,592/mo rent with a $5,873/mo payment. Total monthly income runs $2,592/mo. Return on cash invested measures 6.14% in year one, and rental yield registers 2.59% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 28.64% and total cumulative return in cash totals $111,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,592/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.47 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Alex Oh • Fathom Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #21758685
