Danford Plan, Village Cooperative of Westfield (Active Adults 62+)CarmelIN46032
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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 Danford Plan, Village Cooperative of Westfield (Active Adults 62+), Carmel, IN, 46032 priced at $229,000 pairs $2,160/mo rent with $785/mo cash flow after a $1,121/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $9,422/yr on $75,914 invested. Return on cash invested is 32.32% in year one, and rental yield stands at 11.32% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 169.23% and total cumulative return in cash reaches $128,465. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2026
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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