998 Kinzer Ave #3WK16Z, Carmel, IN, 46032 | $127/mo Cash Flow

Off market

Ziffy Mortgage

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

Investment property for sale in Carmel at 998 Kinzer Ave #3WK16Z, Carmel, IN, 46032 listed at $556,300 pairs $3,467/mo rent with a $2,723/mo payment to leave $127/mo cash flow. Total monthly income runs $3,467/mo, and annual cash flow reaches $1,529/yr on $183,023 cash to close. Return on cash invested measures 20.9% in year one, and rental yield registers 7.48% at a $556,300 basis. Equity gained on principal adds $3,590/yr, and annual property appreciation at 5% supports $153,695 by year five. Five-year ROI tracks 107.86% and total cumulative return in cash totals $197,408. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,467/mo property income relative to a $2,723/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2023

N/A 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