681 Greenford Trl NCarmelIN46032
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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 681 Greenford Trl N, Carmel, IN, 46032 priced at $712,500 converts $2,460/mo rent into after a $3,487/mo obligation. Total monthly income equals $2,460/mo. Return on cash invested prints 10.76% in year one, and rental yield reads 4.14% against a $712,500 entry. Equity gained on principal adds $4,598/yr, while 5% annual appreciation compiles into $196,851 by year five. Five-year ROI reaches 53.51% and total cumulative return in cash sums $125,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $3,487/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
3,049 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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