233 Boulder Ct, Carmel, IN, 46032 | 7.13% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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233 Boulder Ct, Carmel, IN, 46032 | 7.13% Rental Yield | 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

Rental property for sale in Carmel at 233 Boulder Ct, Carmel, IN, 46032 generates $2,615/mo in rent, after a $2,154/mo payment. Total monthly income is $2,615/mo. Return on cash invested sits at 19.69% in year one, and rental yield is 7.13% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 101.44% and total cumulative return in cash sums $147,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,615/mo property income rather than buyer’s personal income.

Single Family

Built in 1984

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Tucked away on a quiet cul-de-sac in one of Carmel's most convenient locations, this beautifully maintained four-bedroom home blends comfort, style, and smart updates throughout. The easy-flow floorplan features bamboo hardwoods on the entire main level, with flexible living and dining spaces that fit any lifestyle. The kitchen shines with a new dishwasher, microwave, and oven-Corian countertops, and a center island that opens to the family room with a cozy fireplace. Step through the sliding doors and enjoy a large, private, fully fenced backyard-perfect for relaxing or entertaining. Upstairs, three spacious bedrooms offer generous closets, and the oversized primary suite includes an updated bath with a new vanity. Major mechanical upgrades add peace of mind: new Andersen windows (top trim level), new HVAC system with whole-house humidifier, new water heater, and a new insulated garage door. All this just a short walk to the Monon Trail and Clay Terrace, with easy access to shopping, dining, and everything Carmel 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