1076 Millpond Rd UNIT EValparaisoIN46385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Valparaiso at 1076 Millpond Rd UNIT E, Valparaiso, IN, 46385 listed at $172,500 pairs $1,787/mo rent with a $844/mo payment to leave $582/mo cash flow. Total monthly income runs $1,787/mo, and annual cash flow reaches $6,982/yr on $57,184 cash to close. Return on cash invested measures 32.12% in year one, and rental yield registers 12.43% at a $172,500 basis. Equity gained on principal adds $1,113/yr, and annual property appreciation at 5% supports $47,659 by year five. Five-year ROI tracks 169.37% and total cumulative return in cash totals $96,854. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,787/mo property income relative to a $844/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
3,746 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jon Wolf • Realty Executives Premier
Mls Name: NIRA
Mls Provider:
Mls ID: #803410
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.