1461 Janice DrScherervilleIN46375
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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 Schererville at 1461 Janice Dr, Schererville, IN, 46375 offers a 10.21% rental yield on a $265,000 purchase with $2,255/mo rent. Total monthly income registers $2,255/mo, and a $1,297/mo payment leaves $664/mo available for distribution. Annual cash flow reaches $7,971/yr on $87,848 to close, and return on cash invested stands at 28.98% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 151.3% and total cumulative return in cash at $132,915. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,255/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Joseph Burdick • Weichert Realtors - Shoreline
Mls Name: NIRA
Mls ID: #828143