1601 W 53rd AveMerrillvilleIN46410
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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 Merrillville at 1601 W 53rd Ave, Merrillville, IN, 46410 generates $1,945/mo in rent and, after a $1,395/mo payment, leaves $234/mo in cash flow. Total monthly income is $1,945/mo, and annual cash flow is $2,809/yr on $94,478 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.19% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 118.59% and total cumulative return in cash sums $112,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,945/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Jessica Soetan • Premier Midwest Realty, INC
Mls Name: NIRA
Mls ID: #824641