1027 Spruce StHammondIN46324
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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 Hammond at 1027 Spruce St, Hammond, IN, 46324 earns $187/mo cash flow from $1,537/mo rent with a $1,101/mo payment. Total monthly income totals $1,537/mo, and annual cash flow totals $2,241/yr on $74,563 capital. ROI tracks 22.91% on current figures, and rental yield reads 8.2% at a $224,927 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,143 over five years. Five-year ROI reaches 118.72% and total cumulative return in cash sums $88,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,537/mo property income instead of your personal income.
Single Family
Built in 1953
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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