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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Valparaiso at 1053 Farrell St, Valparaiso, IN, 46385 generates $1,970/mo in rent and, after a $1,125/mo payment, leaves $590/mo in cash flow. Total monthly income is $1,970/mo, and annual cash flow is $7,082/yr on $76,212 invested. Return on cash invested sits at 29.2% in year one, and rental yield is 10.28% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 152.48% and total cumulative return in cash sums $116,207. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
Date | Event | Price |
|---|---|---|
| 2025-06-29 | Listed for sale | $229,900 |
| 1998-06-08 | Sold | $65,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $1803.64 | -15.96% | $182,100 | 5.26% |
| 2023-07-01 | $2146.18 | 8.56% | $173,000 | -6.44% |
| 2022-07-01 | $1977.00 | 13.38% | $184,900 | 13.02% |
Listed by: Lindsay Phelan • RE/MAX Executives
Mls Name: NIRA
Mls Provider:
Mls ID: #823421
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
