734 Johnson DrCarmelIN46033
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 734 Johnson Dr, Carmel, IN, 46033 in Carmel earns a 9.64% gross yield at $419,800. Rent of $3,371/mo nets $822/mo after the $1,888/mo mortgage. The 1.79 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $115,983 and $3,866/yr in equity accumulation project a total cumulative return of $211,843.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $822 | $300 |
City averages based on Carmel market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,371 |
| Total Monthly Debt Service | $2,382 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
$29 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46033, Carmel, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,650
Single Family
14,251
Multi-Family
399
Businesses
255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
$29 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46033, Carmel, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,650
Single Family
14,251
Multi-Family
399
Businesses
255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices