376 Aspen DrCarmelIN46032
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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
Investment Highlights
Investment property for sale in Carmel at 376 Aspen Dr, Carmel, IN, 46032 uses $77,896 cash to close to unlock $3,235/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,150/mo payment keeps the spread at $270/mo. Purchase price stands at $234,980, and rental yield measures 8.58% with $1,680/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $64,921 over five years. Five-year ROI reaches 124.9% and total cumulative return in cash records $97,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1978
1,742 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,546
Single Family
16,806
Multi-Family
4,740
Businesses
2,596
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