1047 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
Investment property for sale in Griffith at 1047 N Wheeler St, Griffith, IN, 46319 offers a 10.55% rental yield on a $269,000 purchase with $2,365/mo rent. Total monthly income registers $2,365/mo, and a $1,317/mo payment leaves $750/mo available for distribution. Annual cash flow reaches $8,998/yr on $89,174 to close, and return on cash invested stands at 30% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 156.7% and total cumulative return in cash at $139,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,365/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
10,628 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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