1144 N Wheeler St, Griffith, IN, 46319 | $869/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1144 N Wheeler St, Griffith, IN, 46319 | $869/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Griffith at 1144 N Wheeler St, Griffith, IN, 46319 offers a 11.29% rental yield on a $255,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,248/mo payment leaves $869/mo available for distribution. Annual cash flow reaches $10,432/yr on $84,533 to close, and return on cash invested stands at 32.25% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 168.81% and total cumulative return in cash at $142,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1963

7,492 sqft lot

$N/A/sqft

No HOA

More details about the property

Griffith 3 bedroom 1.5 Baths, Beautifully updated throughout, New Kitchen, New baths, appliances, fireplace,2 car Garage. Conveniently located to schools and shopping, Ready to move in today!

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