1503 Washington StValparaisoIN46383
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Nearby investment properties with comparable prices
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 Valparaiso at 1503 Washington St, Valparaiso, IN, 46383 at $385,000 posts ROI 24.64% with $503/mo cash flow from $2,834/mo rent. Total monthly income equals $2,834/mo, and annual cash flow records $6,033/yr on $127,628 to close. Return on cash invested measures 24.64% and rental yield reads 8.83% at the current $385,000. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 by year five. Five-year ROI prints 128.01% and total cumulative return in cash totals $163,378.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,834/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
8,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
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Listed by: Josh Biggs • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #820016
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.