1422 E 8th StMichigan CityIN46360
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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 Michigan City at 1422 E 8th St, Michigan City, IN, 46360 uses $116,522 cash to close to unlock $10,741/yr annual cash flow and $895/mo monthly cash flow. Total monthly income runs $3,157/mo, and a $1,720/mo payment keeps the spread at $895/mo. Purchase price stands at $351,500, and rental yield measures 10.78% with $3,157/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $97,113 over five years. Five-year ROI reaches 152.63% and total cumulative return in cash records $177,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,157/mo property income covering a $1,720/mo payment rather than investor’s personal income.
Single Family
Built in 1908
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Jordan DeYoung • Realty Executives Premier
Mls Name: NIRA
Mls Provider:
Mls ID: #811003
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 23:22:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)