1320 Ludington LnDyerIN46311
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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 Dyer at 1320 Ludington Ln, Dyer, IN, 46311 priced at $374,900 converts $2,803/mo rent into $302/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,803/mo, and annual cash flow totals $3,619/yr on $124,279 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 8.97% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 119.11% and total cumulative return in cash sums $148,027. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,803/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46311, Dyer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,550 (100%) |
| Owner Occupied HU | 8,584 (89.9%) |
| Renter Occupied HU | 622 ( 6.5%) |
| Vacant Housing Units | 344 ( 3.6%) |
| Median Home Value | $335,628 |
| Average Home Value | $375,557 |
Housing Distribution
Address Breakdown
Residential
9,212
Single Family
8,996
Multi-Family
216
Businesses
509
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Listed by: Tina O'Keefe • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #820397
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