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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 209 Faulkner Ct APT 104, Carmel, IN, 46032 offers a 11.93% rental yield on a $250,000 purchase with $2,486/mo rent. Total monthly income registers $2,486/mo, and a $1,224/mo payment leaves $538/mo available for distribution. Annual cash flow reaches $6,455/yr on $82,875 to close, and return on cash invested stands at 27.7% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 146.71% and total cumulative return in cash at $121,582. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,486/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
6,534 sqft lot
$N/A/sqft
$338 monthly 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 |
|---|---|---|
| 2024-11-26 | Sold | $250,000 |
| 2024-11-02 | Pending sale | $254,900 |
| 2024-10-25 | Price change | $254,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $3382.84 | 120.17% | $184,800 | 10.13% |
| 2023-10-24 | $1536.44 | 25.91% | $167,800 | 5.14% |
| 2022-10-24 | $1220.22 | 45.88% | $159,600 | 13.84% |
Listed by: Ryan Birge • Ryan Joseph Birge
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22003805
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:42:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
