402 Jenny 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
Investment property for sale in Carmel at 402 Jenny Ln, Carmel, IN, 46032 uses $132,567 cash to close to unlock $13,533/yr annual cash flow and $1,128/mo monthly cash flow. Total monthly income runs $3,528/mo, and a $1,957/mo payment keeps the spread at $1,128/mo. Purchase price stands at $399,900, and rental yield measures 10.59% with $3,528/mo rent. Return on cash invested shows 30.12% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 157.33% and total cumulative return in cash records $208,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,528/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.32 Acres 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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