1310 Charlevoix WayScherervilleIN46375
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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
Rental property for sale in Schererville at 1310 Charlevoix Way, Schererville, IN, 46375 priced at $347,777 pairs $2,837/mo rent with $580/mo cash flow after a $1,702/mo payment. Total monthly income equals $2,837/mo, and annual cash flow comes to $6,954/yr on $115,288 invested. Return on cash invested is 25.94% in year one, and rental yield stands at 9.79% on a $347,777 basis. Equity gained on principal adds $2,244/yr, and 5% annual appreciation accumulates to $96,084 by year five. Five-year ROI measures 135.59% and total cumulative return in cash reaches $156,324. For financing, Ziffy Mortgage’s DSCR program evaluates $2,837/mo property income against a $1,702/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2005
10,541 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Mary Jane DiMichele • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #817310
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.