20 Druid Hill Ct, Carmel, IN, 46032 | $948/mo Cash Flow

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20 Druid Hill Ct, Carmel, IN, 46032 | $948/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 20 Druid Hill Ct, Carmel, IN, 46032 offers a 11.2% rental yield on a $285,000 purchase with $2,659/mo rent. Total monthly income registers $2,659/mo, and a $1,395/mo payment leaves $948/mo available for distribution. Annual cash flow reaches $11,377/yr on $94,478 to close, and return on cash invested stands at 31.95% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 167.21% and total cumulative return in cash at $157,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,659/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1970

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained end unit condo that offers the perfect blend of space, style, and comfort! This updated home is perfect for a homeowner or investor looking for their next rental. Recent updates include new high efficiency furnace, A/C, fridge, stove, carpet, LVP flooring, sump pump, and kitchen faucet. The main floor is ideal for entertaining, with an open layout that flows seamlessly from the living area to the dining space and kitchen. Upstairs, you'll find three generously sized bedrooms, including a spacious primary suite with ample closet space and a private bath. Downstairs, the finished basement is a true retreat-a large living area perfect for lounging, movie nights, or hosting guests, complete with a wet bar for added convenience. Step outside to enjoy the large private patio surrounded by a privacy fence, ideal for relaxing or summer cookouts. Additional highlights include a carport for easy parking and access to the neighborhood pool, perfect for enjoying warm weather days. This home offers the low-maintenance lifestyle of condo living with all the space you need to truly spread out-don't miss it!

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