998 Kinzer Ave #LQW70NCarmelIN46032
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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 998 Kinzer Ave #LQW70N, Carmel, IN, 46032 uses $175,061 cash to close to unlock $1,647/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $3,331/mo, and a $2,604/mo payment keeps the spread at $137/mo. Purchase price stands at $532,100, and rental yield measures 7.51% with $3,331/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $147,009 over five years. Five-year ROI reaches 108.43% and total cumulative return in cash records $189,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,331/mo property income covering a $2,604/mo payment rather than investor’s personal income.
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 |
Housing Distribution
Address Breakdown
Residential
21,546
Single Family
16,806
Multi-Family
4,740
Businesses
2,596
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