1016 N Wheeler StGriffithIN46319
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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 Griffith at 1016 N Wheeler St, Griffith, IN, 46319 generates $2,065/mo in rent and, after a $1,273/mo payment, leaves $504/mo in cash flow. Total monthly income is $2,065/mo, and annual cash flow is $6,046/yr on $86,190 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 9.53% on a $259,999 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 140.22% and total cumulative return in cash sums $120,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,065/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
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