1301 S Cline AveGriffithIN46319
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
Rental property for sale in Griffith at 1301 S Cline Ave, Griffith, IN, 46319 priced at $272,100 converts $2,329/mo rent into $695/mo cash flow after a $1,332/mo obligation. Total monthly income equals $2,329/mo, and annual cash flow totals $8,345/yr on $90,201 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 10.27% against a $272,100 entry. Equity gained on principal adds $1,756/yr, while 5% annual appreciation compiles into $75,176 by year five. Five-year ROI reaches 152.25% and total cumulative return in cash sums $137,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,329/mo property income covering a $1,332/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,013 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices