437 Sheets 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
Rental property for sale in Carmel at 437 Sheets Dr, Carmel, IN, 46032 priced at $335,000 pairs $2,460/mo rent with $449/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,460/mo, and annual cash flow comes to $5,385/yr on $111,053 invested. Return on cash invested is 24.76% in year one, and rental yield stands at 8.81% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 128.6% and total cumulative return in cash reaches $142,808. For financing, Ziffy Mortgage’s DSCR program evaluates $2,460/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2003
1,306 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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