1240 175th StHammondIN46324
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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 Hammond at 1240 175th St, Hammond, IN, 46324 offers a 10.78% rental yield on a $166,800 purchase with $1,498/mo rent. Total monthly income registers $1,498/mo, and a $816/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,815/yr on $55,294 to close, and return on cash invested stands at 28.62% in year one. Equity gained on principal adds $1,076/yr while 5% annual appreciation supports $46,084 over five years. Portfolio math shows five-year ROI at 150.11% and total cumulative return in cash at $83,004. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,498/mo property income against a $816/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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