113 Freyer RdMichigan CityIN46360
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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 Michigan City at 113 Freyer Rd, Michigan City, IN, 46360 earns $2,132/mo cash flow from $2,944/mo rent with a $524/mo payment. Total monthly income totals $2,944/mo, and annual cash flow totals $25,582/yr on $35,471 capital. ROI tracks 92.03% on current figures, and rental yield reads 33.02% at a $107,000 purchase. Equity gained on principal adds $690/yr, and 5% annual appreciation supports $29,562 over five years. Five-year ROI reaches 491.44% and total cumulative return in cash sums $174,318. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,944/mo property income instead of your personal income.
Single Family
Built in 1942
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Erica Miller • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls Provider:
Mls ID: #804344
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 23:32:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)