117 N Raymond StGriffithIN46319
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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 Griffith at 117 N Raymond St, Griffith, IN, 46319 at $299,900 posts ROI 24.82% with $407/mo cash flow from $2,207/mo rent. Total monthly income equals $2,207/mo, and annual cash flow records $4,879/yr on $99,417 to close. Return on cash invested measures 24.82% and rental yield reads 8.83% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 128.93% and total cumulative return in cash totals $128,176.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,207/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1939
6,098 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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