586 Hunters Dr APT DCarmelIN46032
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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 586 Hunters Dr APT D, Carmel, IN, 46032 at $204,900 posts ROI 27.13% with $409/mo cash flow from $1,639/mo rent. Total monthly income equals $1,639/mo, and annual cash flow records $4,907/yr on $67,924 to close. Return on cash invested measures 27.13% and rental yield reads 9.6% at the current $204,900. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 by year five. Five-year ROI prints 141.33% and total cumulative return in cash totals $95,998.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,639/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1974
3,484 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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