601 Melark Dr, Carmel, IN, 46032 | $206/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Carmel at 601 Melark Dr, Carmel, IN, 46032 priced at $405,500 pairs $2,640/mo rent with $206/mo cash flow after a $1,985/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $2,467/yr on $134,423 invested. Return on cash invested is 21.74% in year one, and rental yield stands at 7.81% on a $405,500 basis. Equity gained on principal adds $2,617/yr, and 5% annual appreciation accumulates to $112,032 by year five. Five-year ROI measures 112.44% and total cumulative return in cash reaches $151,143. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $1,985/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1994

6,969 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