1539 N Dearborn RdWest HarrisonIN47060
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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 West Harrison at 1539 N Dearborn Rd, West Harrison, IN, 47060 uses $48,830 cash to close to unlock $14,649/yr annual cash flow and $1,221/mo monthly cash flow. Total monthly income runs $2,105/mo, and a $721/mo payment keeps the spread at $1,221/mo. Purchase price stands at $147,300, and rental yield measures 17.15% with $2,105/mo rent. Return on cash invested shows 49.91% in year one, and 5% annual appreciation builds toward $40,696 over five years. Five-year ROI reaches 263.51% and total cumulative return in cash records $128,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,105/mo property income covering a $721/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47060, West Harrison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 2,442 (82.9%) |
| Renter Occupied HU | 375 (12.7%) |
| Vacant Housing Units | 130 ( 4.4%) |
| Median Home Value | $316,798 |
| Average Home Value | $332,482 |
Housing Distribution
Address Breakdown
Residential
2,955
Single Family
2,897
Multi-Family
58
Businesses
113
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