1520 Kennedy AveScherervilleIN46375
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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
Rental property for sale in Schererville at 1520 Kennedy Ave, Schererville, IN, 46375 priced at $262,100 converts $2,123/mo rent into $550/mo cash flow after a $1,283/mo obligation. Total monthly income equals $2,123/mo, and annual cash flow totals $6,594/yr on $86,886 invested. Return on cash invested prints 27.5% in year one, and rental yield reads 9.72% against a $262,100 entry. Equity gained on principal adds $1,691/yr, while 5% annual appreciation compiles into $72,413 by year five. Five-year ROI reaches 143.31% and total cumulative return in cash sums $124,517. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,123/mo property income covering a $1,283/mo payment, not borrower’s personal income.
Single Family
Built in 1939
3.02 Acres 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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