1319 Indiana StHammondIN46320
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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 Hammond at 1319 Indiana St, Hammond, IN, 46320 generates $864/mo in rent and, after a $538/mo payment, leaves $148/mo in cash flow. Total monthly income is $864/mo, and annual cash flow is $1,778/yr on $36,465 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.43% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 129.53% and total cumulative return in cash sums $47,232. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $864/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
4,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46320, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 2,205 (34.8%) |
| Renter Occupied HU | 3,520 (55.6%) |
| Vacant Housing Units | 610 ( 9.6%) |
| Median Home Value | $140,653 |
| Average Home Value | $155,228 |
Housing Distribution
Address Breakdown
Residential
5,335
Single Family
3,817
Multi-Family
1,518
Businesses
525
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