1429 River DrMunsterIN46321
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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 1429 River Dr, Munster, IN, 46321 uses $94,478 cash to close to unlock $11,584/yr annual cash flow and $965/mo monthly cash flow. Total monthly income runs $2,681/mo, and a $1,395/mo payment keeps the spread at $965/mo. Purchase price stands at $285,000, and rental yield measures 11.29% with $2,681/mo rent. Return on cash invested shows 32.17% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 168.4% and total cumulative return in cash records $159,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,681/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,990 sqft 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: Jennifer Miga • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #821291
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.