1328 Ridgeway AveMunsterIN46321
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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 Munster at 1328 Ridgeway Ave, Munster, IN, 46321 with 5% annual appreciation on a $375,000 basis while $2,559/mo rent supports operations. Total monthly income totals $2,559/mo and a $1,835/mo payment preserves $71/mo for cash returns. Annual cash flow comes to $850/yr on $124,313 deployed, and return on cash invested reaches 20.59% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 8.19%. Five-year ROI measures 107.09% and total cumulative return in cash totals $133,131.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,559/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46321, Munster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,578 (100%) |
| Owner Occupied HU | 8,067 (84.2%) |
| Renter Occupied HU | 1,108 (11.6%) |
| Vacant Housing Units | 403 ( 4.2%) |
| Median Home Value | $333,282 |
| Average Home Value | $375,530 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
8,005
Multi-Family
1,435
Businesses
799
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Listed by: Kiyah Marshall • Property Boss
Mls Name: NIRA
Mls Provider:
Mls ID: #819544
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