3859 Cornwallis LnCarmelIN46032
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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
Rental property for sale in Carmel at 3859 Cornwallis Ln, Carmel, IN, 46032 priced at $350,000 pairs $2,755/mo rent with $384/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,755/mo, and annual cash flow comes to $4,603/yr on $116,025 invested. Return on cash invested is 23.88% in year one, and rental yield stands at 9.45% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 124.89% and total cumulative return in cash reaches $144,902. For financing, Ziffy Mortgage’s DSCR program evaluates $2,755/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
10,018 sqft lot
$N/A/sqft
$495 annually 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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Listed by: Katie Colden • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22001901
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:47:46 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)