








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Carmel at 5397 Rippling Brook Way, Carmel, IN, 46033 priced at $425,000 converts $3,750/mo rent into $1,159/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,750/mo, and annual cash flow totals $13,913/yr on $140,888 invested. Return on cash invested prints 29.78% in year one, and rental yield reads 10.59% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 155.69% and total cumulative return in cash sums $219,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,750/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1998
8,276 sqft lot
$N/A/sqft
$475 annually HOA
Neighborhood data shown for ZIP Code: 46033, Carmel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,917 (100%) |
| Owner Occupied HU | 12,869 (86.3%) |
| Renter Occupied HU | 1,667 (11.2%) |
| Vacant Housing Units | 381 ( 2.6%) |
| Median Home Value | $493,077 |
| Average Home Value | $583,511 |
Residential
14,650
Single Family
14,251
Multi-Family
399
Businesses
255
Date | Event | Price |
|---|---|---|
| 2025-04-12 | Listed for sale | $425,000 |
| 2001-11-16 | Sold | $167,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-15 | $3009.48 | 4.99% | $314,700 | 6.03% |
| 2023-04-15 | $2866.40 | 18.88% | $296,800 | 14.68% |
| 2022-04-15 | $2411.24 | -0.01% | $258,800 | 15.54% |



What's Special
Access Only
Listed by: Miles Sparenberg • Fathom Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22032066
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-15 08:17:58 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)