Zip Code 46280 — Carmel, IN
🟡MODERATE— average returnsCap Rate
5.1%
Monthly Cash Flow
-$366
Median Home Price
$342,715
DSCR
0.80
🏠 Fair Market Rents
- Studio
- $1,330/mo
- 1 Bedroom
- $1,540/mo
- 2 Bedroom
- $1,820/mo
- 3 Bedroom
- $2,370/mo
- 4 Bedroom
- $2,870/mo
📊 Investment Metrics
- Cap Rate
- 5.1%
- Cash-on-Cash Return
- -5.6%
- Price-to-Rent Ratio
- 12.1
- 1% Rule
- 0.69%
- Gross Rent Multiplier
- 12.1
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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